Engie Egypt wind project

Egypt: Lenders commit to wind project despite economic outlook

Project bulletin
Issue 482 - 16 Apr 2023 - By John Hamilton | 2 minute read

A group of Japanese and French banks have demonstrated their confidence in the long-term prospects for Egypt’s renewable energy (RE) sector by confirming support for one of its largest wind projects to reach financial close. The commitment is significant as several even larger projects are in the pipeline, while the wider economic outlook for Egypt is deteriorating.

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