Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEBRD, Meridiam and HAU promote green investments in Egypt
The European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), are raising capital in HAU Energy BV, a new platform established to invest in renewable energy projects primarily in Egypt and potentially other countries in Africa.
The investment will promote private sector participation in the Egyptian power sector. It will also facilitate the government’s decarbonisation plans by expediting the roll-out of renewable energy projects and contribute to Egypt’s green energy transition.
This endeavor stands as a cornerstone project under the 10 GW renewables programme of Egypt’s EBRD-led energy pillar of the Nexus on Water, Food and Energy (NWFE) initiative. Launched at COP27 in 2022, this initiative signifies a pivotal commitment towards sustainable policy engagement, strategically crafted to align with the aspirations of the government of Egypt. All the projects will follow strict and best environmental and social practices, building on the partners’ recognised experience and expertise in this area.
Countries covered:
-
Egypt
