ReNew’s Q2/FY23 Revenues Go Up, Net Loss Narrows
ReNew Enters Partnership With Norway’s Norfund & KLP; To Acquire SaaS Company 3E & Build Green Hydrogen Project In Egypt
NASDAQ listed Indian renewable energy company ReNew Energy Global plc exited Q2 FY23 (period ended September 30, 2022) with 5.1% annual increase in total revenue with INR 22.45 billion ($275 million), while narrowing net loss of INR 986 million ($12 .
IFC Backs Egyptian Company’s Solar Plans
Elsewedy Electric Raises $150 Million To Fund Renewable Energy Expansion In Africa
Egypt headquartered power company Elsewedy Electric has raised $150 million from the International Finance Corporation (IFC), First Abu Dhabi Bank and Europe Arab Bank to finance new solar energy facilities in Africa, and also support its expansion further.
Prequalified Bidders For Niger’s 50 MW Project
6 Companies & Consortia Prequalify For Niger’s Scaling Solar Tender
The Scaling Solar tender for 50 MW AC solar PV capacity in Niger has announced prequalifying companies and consortia as Norway’s Scatec, France’s GreenYellow, Voltalia also from France, Morocco’s Nareva Holding, Egypt’s Elsewedy Electric and Infinity Power Holding, also from Egypt.
Egyptian Firm Wins 20 MW PV+Storage Sudan Project
Elsewedy Electric Announces Winning 20 MW Solar PV & 35 MWh Hybrid Power Plant In Sudan; African Export-Import Bank Backing Project
According to Elsewedy Electric, a 20 MW solar and storage project in Sudan will generate close to 29 million kWh of clean power in the country once it is grid connected in 2020.
