An Egyptian state
The company will be responsible for the design, financing, construction and operation of the plants.
The projects will produce electricity as well as desalination plants in targeted countries.
Read more on the news from Egypt
The initiative also benefits from a grant approved by the Egyptian government to the tune of $12 million.
Egypt leads the renewable energy revolution
Egypt boasts one of the most progressive renewable energy programmes in Africa, which has seen one of the
The Benban solar complex located in the city of Aswan in southeastern Egypt is one of the largest of its kind in the world at 1.65GW and is set to be completed by year
The North African company also recently commissioned the 200MW Suez wind farm.
A second 252MW wind project recently achieved financial close.
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Story source: Green Building Africa and edited by ESI Africa