Uncategorized

Egypt’s investing bank looks to manage renewable energy projects totaling 400-500 megawatts worth at least $250 million

Egyptian investment bank EFG Hermes aims to manage renewable energy projects totaling 400-500 megawatts in the north African country in the coming three years.
EFG Hermes, one of the largest investment banks in the Middle East, is currently active in the renewable energy sector in Europe through a green company called Vortex. The projects that the bank was targeting were worth at least $250 million in investments and that the bank was looking to reach 2000 megawatts by 2020 with a capital of $500 million.

Egypt hopes renewable will cover 20 % of its annual electricity demand by 2020.

Source: Egyptian investment bank to manage renewable energy projects

 

1 thought on “Egypt’s investing bank looks to manage renewable energy projects totaling 400-500 megawatts worth at least $250 million”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s