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EBRD

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The European Bank for Reconstruction and Development (EBRD) greenlights a $75 million investment in HAU Energy for renew

The European Bank for Reconstruction and Development (EBRD) has approved a $75 million equity investment in HAU Energy BV for renewable projects in Egypt, focusing on the 1.1 GW Gulf of Suez wind farm. This aligns with Egypt's clean energy goals. The investment, categorized as B, supports the development of renewable energy projects. HAU Energy BV, based in the Netherlands, will utilize the funds to advance sustainable projects. The IPO is scheduled from March 4 to 8, with net proceeds of $10.76 billion allocated to solar energy and battery storage. EBRD is pleased to support HAU Energy's efforts in promoting renewable energy in Egypt.




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  • Jane Wangui

    2 w

    More people should invest on climate change for we all need it to guarantee us of our survival in years to come...this is the way to go.

    3
    • johnte ndeto

      10 w

      Such funds are crucial in pushing for climate agenda

      4
      • Rukia Ahmed Abdi

        12 w

        The European Bank for Reconstruction and Development's (EBRD) approval of a $75 million equity investment in HAU Energy BV for renewable projects in Egypt is a significant move towards advancing clean energy goals in the region. The focus on the 1.1 GW Gulf of Suez wind farm aligns with Egypt's commitment to sustainable energy development. Categorized as a B investment, this funding supports the growth of renewable energy projects, contributing to the transition to cleaner sources. The IPO scheduled for March, with proceeds allocated to solar energy and battery storage, demonstrates a strategic investment in key areas crucial for reducing carbon emissions and promoting a more sustainable energy landscape in Egypt.

        • Grace Njeri

          12 w

          We can only emerge conquerors if we keep on investing in clean energy solutions.

          3
          • walter lungayi

            12 w

            Great to see the EBRD investing in renewable energy with HAU Energy. This will help promote sustainable development and reduce carbon emissions.

            4
            • We Don't Have Time

              12 w

              Dear Ann Nyambura Your climate love has received over 50 agrees! We have reached out to EBRD by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

              3
              • Esther Wanjiku

                12 w

                The EBRD investing in clean energy solutions for Egypt means they have absolute faith in the Hau energy to keep advancing its renewable energy obligations

                5
                • Elizabeth Gathigia

                  12 w

                  Its a great development and investing in clean energy comes with alot of benefits

                  7
                  • Grace Njeri

                    12 w

                    @elizbeth_gathigia Beyong question,this is the way to overcome the climate change.

                  • Joseph Githinji

                    12 w

                    Investment in clean energy is noble, this is great news for Africa.

                    8
                    • Grace Njeri

                      12 w

                      @joseph_githinji It's one of the ways to solve the climate menaces.

                      1
                    • Boniface Kuria

                      12 w

                      I always appreciate to see when developed countries invest in green energies in developing countries. Africa has the biggest potential of going green due to its vast renewable resources that are yet to be taped. We welcome such investments

                      8
                      • Esther Wanjiku

                        12 w

                        @boniface_kuria This is really the way to go

                        5
                      • Abraham Jok Atem

                        12 w

                        Such investments in green energy are worth appreciation

                        8
                        • George Kariuki

                          12 w

                          This is a positive development, as Africa has vast potential for renewable energy generation.

                          8
                          • Esther Wanjiku

                            12 w

                            @george_kariuki Amazing win for the continent

                            5
                          • Rashid Kamau

                            12 w

                            We are all campaigning for green energy investments for a sustainable energy future.

                            9
                            • Grace Njeri

                              12 w

                              @rashid_kamau Our core values to champion for.

                              1
                            • Rotich Kim

                              12 w

                              This is good project we are hopefully that they will use only green energy to power this light

                              16
                              • Saustine Lusanzu

                                12 w

                                This is good news to hear! Investment in green energy is more important

                                16
                                • Grace Njeri

                                  12 w

                                  @saustine_lusanzu Indeed is the best news that has a lot to our climate.

                                  1
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