EBRD, and consortium to promote green investments in Egypt

According to the European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), are raising capital in a new platform, HAU Energy BV, established to invest in renewable energy projects primarily in Egypt but potentially other countries across Africa.

The investment will promote private sector participation in the Egyptian power sector. It will also facilitate the government’s decarbonization plans by expediting the roll-out of renewable energy projects and contribute to Egypt’s green energy transition.