TAQA PV secures US$4.2m loan from EBRD for expansion of renewable energy in Egypt

EGYPT – The European Bank for Reconstruction and Development (EBRD) has announced that it has provided an initial US$4.2 million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary. EBRD said the loan will promote the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country. The loan is part of a financing package of up to US$10 million to expand TAQA Arabia’s private-to-private renewable energy business, according to the statement. The funds will finance the construction and operation…

Read More