PV modules secured for Egypt’s 200 MW Kom Ombo solar farm: China’s power plant and renewables construction company Zhejiang Thermal Power Construction has signed an agreement with China-based PV manufacturer LONGi to provide PV modules for its 200 MW Kom Ombo solar farm in Egypt, EQ International reports. No financial details were disclosed.

REMEMBER- Saudi renewables giant Acwa Power is developing the USD 165 mn solar farm, and has secured USD 123 mn in green loans from several multilateral lenders. The solar farm is expected to be commercially operational in 3Q 2024 and will power some 130k households in Egypt.

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Six green projects participating in the Climate Finance Accelerator (CFA) graduated from the UK-backed financial accelerator program in Egypt, according to a press release (pdf). The projects were presented to local and international investors at an event hosted by the British Embassy yesterday for feedback on how to strengthen their project proposals. The six projects have received months of tailored support and analysis from a financial and technical perspective to enable investments, the statement notes. Eight projects were initially selected in January, in addition to one-off capacity building support to the Climate Resilience Fund.

The six initiatives presented:

• Al Dawara for plant-based single-use products.
• Farmtopia for AI use in irrigation.
• IRSC Renewable Energy Solutions for agricultural and financial support to small-scale farmers.
• ReNile for advanced monitoring technologies to promote precision farming.
• Tile Green for eco-friendly building materials from plastic waste.
• Zr3i, a digital agriculture platform focused on precision farming.

About the CFA: Announced prior to COP27 in November, the CFA is a GPB 11.8 mn technical assistance program funded by the UK Energy Department’s International Climate Finance (ICF) initiative as part of the UK's efforts to support climate action on a global scale under the Paris Agreement. The program supports governments in the development of a sustainable pipeline of bankable, low carbon projects in nine countries: Colombia, Egypt, Mexico, Nigeria, Pakistan, Peru, South Africa, Vietnam and Turkey.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• French solar energy provider EDF ENR has established a new subsidiary in Tunisia to help support industrial decarbonisation. (TAP)
• UAE waste management company Beeah Group has signed a non-binding partnership agreement with the International Solid Waste Association and management consultancy firm Roland Berger to develop a global standard for waste recycling. (WAM)
• Qatar Airways has signed a deal with Shell to source 3k metric tons of sustainable aviation fuel at Amsterdam Schiphol airport. (Statement)