ADSERO - Ragy Soliman & Partners is proud to announce that we assisted SolarizEgypt in selling 74% of their portfolio to Amarenco Group and establishing a joint venture to co-develop 300MW of assets at an estimated budget of USD 255 million over the next four years.
This acquisition and partnership will leverage both companies’ strong knowledge and expertise to provide the best-in-class services to the Egyptian energy sector.
SolarizEgypt has been a central player in the Egyptian solar energy market for close to a decade and has secured a portfolio of more than 50 MWs of signed PPAs with significant conglomerates such as Orascom Development Holding (El Gouna & Makadi heights), Arabian Cement Company, Coca Cola Bottling, and other esteemed companies across various industries.
Our team was led by Ahmed Abdelgawad, Partner and Head of Mergers & Acquisitions and Capital Markets, and Dina Sherif, Senior Associate.
For more information, you can check Zawya’s coverage here