EBRD, Meridiam, and Hassan Allam Utilities Forge Partnership to Boost Renewable Energy in Egypt

The European Bank for Reconstruction and Development (EBRD), Meridiam, and Hassan Allam Utilities have partnered to advance renewable energy in Egypt, supporting the country's green energy transition. This collaboration aims to enhance private sector participation in the power sector and aligns with Egypt’s decarbonization goals. It is a key component of Egypt’s 10 GW renewables program under the EBRD-led Nexus on Water, Food, and Energy (NWFE) initiative, launched at COP27. The partnership focuses on expediting renewable energy projects, adhering to high environmental and social standards, and is expected to attract significant foreign investment, fostering sustainable growth.