
Egypt: EBRD Supports Cement Decarbonization with €25M Funding
The funding supports energy efficiency in Egypt’s manufacturing sector.
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The funding supports energy efficiency in Egypt’s manufacturing sector.
The financial institution is investing €38.4 million into a green bond issued by the Office National des Chemins de Fer du Maroc.
Egypt accounted for €1.5 billion of the €2.4 billion invested by the EBRD in the southern and eastern Mediterranean region in 2024.
The desalination facilities will support the production of fertilizers in key industrial complexes in Morocco.
EBRD will provide Procaneq with a €13.6 million loan to acquire new equipment for extracting and transporting phosphate ore
STEG to leverage a loan from the EBRD to fast track the rollout of the first energy bridge between North Africa and Europe.
The European Bank for Reconstruction and Development has invested €27 million in a securitized local currency bond to support the development of urban infrastructure in Egypt.
The Suez wind farm is expected to offset 1.1 million tonnes of carbon dioxide annually upon completion in 2027.
STEG has secured $507 million in funding from Team Europe to implement the Italy-Tunisia Electricity Interconnection Project ELMED.
ACWA Power has secured $123 million in loans from global financial institutions to fund the development of a 200 MW utility-scale solar PV project in Egypt.