DFIs warn Egypt rule change will delay all renewable deals

In:

Renewables

Region:

Middle East & Africa

Max Thompson

Managing Editor

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Earlier last month, the Egyptian government tweaked its contract terms to exclude the option of international arbitration for financiers of renewable energy deals. Development banks, major lenders for these types of deals, met with officials last week to discuss the issue which is delaying funding to a large scale wind farm and solar energy projects in the North African country.