Egypt Signs 650M Solar Project Deal
Egypt has signed a preliminary financing agreement for a 650 million dollar solar power project in Qena. The project aims to boost renewable energy capacity and reduce natural gas imports.
Xurve View
Insights:
Xurve View
Egypt signed a preliminary financing agreement for a $650 million solar project in Qena, partnering with Norway-based SCATEC ASA and multilateral lenders. The agreement supports Egypt's broader infrastructure push to diversify energy sources. The cabinet announced the deal during an afternoon briefing on Monday.
