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Egypt : EAAIF invests $40M to support 2.3 GW of Renewable Energy projects

Last Update 19 December 2024

Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure development company will invest $40 million to support 2.3 GW of Renewable Energy projects. The projects include the Suez 1.1 GW Wind project, 1.2 GW Benban and Wahat Solar PV plants and the 720 MW BESS system associated with it. These projects will significantly increase Egypt’s RE capacity which stood at 6.7 GW in 2023.

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