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Egypt Renewable Energy Financing Framework

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results area
  • Energy generation and access
Gender benefits Work in close collaboration with eligible renewable energy companies to develop and implement a comprehensive plan to ensure women and men have equal opportunities. Building partnerships with technical schools to enhance young women’s access to develop relevant technical skills. UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Africa
  • Egypt EGY

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • EBRD Loan USD
  • Other lenders Loan USD
  • Sponsors Equity USD
  • EBRD Grant USD

Project owners

Accredited Entity Executing Entity
  • The European Bank for Reconstruction and Development (EBRD)
Egypt Renewable Energy Financing Framework Approved April 2017 Est. implementation period 5.0 years Est. completion date 08 September 2022
Scaling up renewable energy in Egypt through renewable energy integration and leveraged investments.

The Renewable Energy Financing Framework will support Egypt in meeting its target of 20% renewable energy generation by 2022, through two complementary components. 

The first is a comprehensive technical assistance programme to enhance renewable energy integration, policies, and planning. The second component is to scale up investments to support the development and construction of renewable energy projects totalling USD 1 billion. This will be done by blending GCF and EBRD financing to leverage debt financing from international and development financial institutions, and at a later stage from commercial banks and private sector investments. 

The projects to be implemented with co-financing from the Framework are expected to generate around 1,400 GWh electricity annually and result in avoided GHG emissions of about 800,000 tCO2e annually once all projects are operational.

The Framework will launch the first wave of private renewable energy projects in Egypt, overcoming financial barriers due to uncertainty and high transaction costs, as well as the macroeconomic situation which has resulted in increased cost of capital and limited availability of debt. The Framework will use debt financing from EBRD and GCF of up to USD 500 million, including up to USD 150 million in loans from GCF.

The project has an estimated lifespan of 18 years.
Document title
Published date
ESS report FP039 - EBRD - Egypt 16 Mar 2017
Approved funding proposal FP039 - EBRD - Egypt 24 Apr 2017
Gender action plan FP039 - EBRD - Egypt 28 Jun 2017
Accredited Entity
  • European Bank for Reconstruction and Development (EBRD) Mr. Alexis Franke Tel: +44 20 7338 6004 Mr. Jan-Willem Van de Ven Tel: +44 20 7338 7821
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