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FINANCIAL NEWS
German-Swiss consortium applies USD 3.5bn solar plant in Egypt
24 Apr 2016
(MENAFN) A global consortium of huge solar power and engineering industries firms proclaimed the start of building Egyptian solar plants to produce 2 GW power with USD 3.5bn.
Moreover, the project covers Bahrain-based Terra Sola Ventures (Terra Sola), Swiss wealth management firm Terra Nex, RWE New Energy and others.
In addition, Terra Sola aims building a 200 MW PV module manufacturing facility and an inverter fab to be used for the consortium’s own solar plants as well as exporting.
Furthermore, the consortium established an office in Egypt to collaborate with the Egyptian government to start conducting studies and application phases.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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