Latest news with #solarplant
Zawya
14-07-2025
- Business
- Zawya
SANY launches its first solar power project in Zimbabwe
SANY Silicon Energy broke ground on a 10 MW solar plant for Runtu Mining Company, its inaugural venture in Zimbabwe and the first in Africa to use SANY's new 'EP + F' model. The facility will feature 710 of SANY's high-efficiency photovoltaic modules, advanced inverters, and robust mounting systems. With construction fast-tracked, the plant is slated for grid connection by the end of 2025 and is expected to produce 18 million kWh of electricity per year. That output will help alleviate Zimbabwe's power shortages, bolster local industries, and advance the region's low-carbon transition. As the debut project for the 'EP + F' model, the initiative provides a replicable blueprint for future clean-energy partnerships in emerging markets by lowering up-front costs and increasing financing flexibility. Runtu Mining's chairman signalled interest in extending cooperation with SANY to microgrids, heavy-truck electrification, and EV-charging infrastructure. This milestone underscores SANY's commitment to global decarbonisation. The company has pledged to maintain high standards of quality and efficiency to deliver the project on time and create lasting value for Zimbabwe's energy landscape. © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
CAIRO - Egypt signed a financial closure deal on Sunday with Norwegian renewable energy developer Scatec for a 1 gigawatt solar plant, which will allow the project to move into its construction phase, the Egyptian cabinet said. The project will involve a $600 million investment, a cabinet statement said. The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec. Investment in the project is estimated at $1 billion. Egypt is aiming for renewable energy to provide 42% of its electricity generation mix by 2030. However, the country has in recent years relied heavily on natural gas, with solar, wind, and hydropower making up only 11.5% of its electricity generation. (Reporting by Momen Saeed Atallah; Writing by Menna Alaa El-Din; Editing by Jan Harvey and Giles Elgood)
Reuters
15-06-2025
- Business
- Reuters
Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
CAIRO, June 15 (Reuters) - Egypt signed a financial closure deal on Sunday with Norwegian renewable energy developer Scatec ( opens new tab for a 1 gigawatt solar plant, which will allow the project to move into its construction phase, the Egyptian cabinet said. The project will involve a $600 million investment, a cabinet statement said. The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec. Investment in the project is estimated at $1 billion. Egypt is aiming for renewable energy to provide 42% of its electricity generation mix by 2030. However, the country has in recent years relied heavily on natural gas, with solar, wind, and hydropower making up only 11.5% of its electricity generation.
Zawya
29-05-2025
- Business
- Zawya
Egypt Aluminum targets $274mln profits in FY25/26
Cairo – The shareholders of Egypt Aluminum greenlighted the estimated budget for fiscal year (FY) 2025/2026, targeting net profits valued at EGP 13.71 billion. The ordinary general meeting (OGM) passed the capital budget with a value of EGP 5.91 billion, according to a bourse statement. Last March, the EGX-listed company penned a power purchase deal with Norwegian company Scatec to establish a 1 GW solar plant at a total cost of $750 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
