The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$ 500 million framework to finance renewable energy in Egypt.
The financing, approved by the EBRD’s Board of Directors on 7 June 2017, supports the development of private renewable energy projects under the Egyptian government's feed-in-tariff programme. That programme aims to stimulate private investment in over 4 GW of wind and solar power.
