Deals & Finance

EBRD Commits US$500 Million Support for Egypt’s Solar Target

The European Bank for Reconstruction and Development has earmarked up to US$500 million for 2016 to support Egypt’s new solar energy programme, which aims to construct up to 2,000 megawatts of utility-scale solar generating capacity as part of an ambitious target to secure 20% of electricity from renewable sources.
The 2,000MW capacity is expected to be delivered through around 40 projects of approximately 50MW each as part of a strategy to increase renewable power generation in Egypt by mobilising private sector investors. Many of these projects will be located on a planned 1.8-gigawatt site near Benban in Upper Egypt, which on completion will be the largest solar park in the world.

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EIB, Rabobank to Offer Suitability Loans to Dutch SMEs

The European Investment Bank and Rabobank are collaborating to introduce an impact loan to encourage small and medium-sized Dutch business owners to make sustainable investments.
The first tranche will make an additional €50 million (US$53 million) available for loans with a positive social impact. Business owners who demonstrably display corporate social responsibility and wish to make new sustainable investments can apply for an impact loan.

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Shunfeng to Collaborate With CGN for Clean Energy

Shunfeng International Clean Energy has signed a strategic cooperation agreement with CGN European Energy, a subsidiary of the China General Nuclear Power Group to deliver solutions to counter global carbon emissions, pledge to cooperate closely on clean energy, including PV, energy storage, energy management, low-carbon energy saving solutions and hi-tech, and enhancing a win-win and sustainable strategic partnership.

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