Coca Cola Signs First PPA-Driven Solar Rooftop Project in Egypt

Google+ Pinterest LinkedIn Tumblr +


  • The European Bank for Reconstruction and Development (EBRD) has announced the installation of Egypt‘s first private power purchase agreement (PPA)-driven solar rooftop.
  • Installer Solarizegypt has connected a 1 MW rooftop array in Sadat City for Coca Cola and will sell the electricity generated to the soft drinks giant under Egypt’s net-metering rules, which guarantee payments for 25 years.

London-based development lender the EBRD announced the installation to publicize its role in helping Solarizegypt raise finance for the project, which was also backed by Qatari-owned bank QNB Al Ahli.

The EBRD did not publicize financial details for the project in Monday’s press release but indicated the installation was supported by the Green Economy Finance Facility Egypt, which it developed with the backing of EU lender the European Investment Bank and French development agency Agence Française de Développement.

Technical support from the EBRD helped harmonize the project with the requirements of QNB Al Ahli.

The London-based EBRD said it has worked with Solarizegypt on seven PV projects in Egypt and freeing up finance for the Coca Cola private PPA project has enabled the Egyptian installer to ramp up business into a 14 MW pipeline to be completed this year.

Author: Max Hall

This article was originally published in pv magazine and is republished with permission.


Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.