Uploaded April 2025 | Updated September 2026, 2 weeks ago
Through our Green Economy Financing Facility and thanks to the support of the European Union, we helped local developer Orascom sign an agreement with SolarizEgypt to design and build a solar plant in the area.
The investment has helped the city reduce its electricity costs and secure a clean energy source for the next 25 years, reducing the town’s electricity costs by 12 per cent and cutting El Gouna’s annual CO2 emissions by 8,418 tonnes.
Through our Green Economy Financing Facility and thanks to the support of the European Union, we helped local developer Orascom sign an agreement with SolarizEgypt to design and build a solar plant in the area.
The investment has helped the city reduce its electricity costs and secure a clean energy source for the next 25 years, reducing the town’s electricity costs by 12 per cent and cutting El Gouna’s annual CO2 emissions by 8,418 tonnes.
