Egyptian Banks Step Up with $500 Million Financing for Solar and Wind Energy Expansion

Egypt is embarking on a mission to significantly boost its solar and wind energy production, aiming to reach 6.8 gigawatts within the next year. This initiative, which includes 1.6 gigawatts from wind power and 1.9 gigawatts from solar power plants, has garnered support from three prominent local banks: QNB Al Ahly, Agricultural Bank of Egypt,