Emerging Power NV will help establish new solar projects throughout Africa thanks to the newly formed partnership among Egyptian and Arab investors, regional investment bank Planet Investment Banking, and German renewable energy service provider Solarpraxis.
The new JV will see millions of dollars flood the African solar market with Emerging Power already in the process of establishing a 100-MW solar plant in Uganda and an 80-MW solar plant in Kenya.
"The development of solar power in Africa is crucial," says Ahmed El Houssieny, CEO of Planet Investment Banking. "The new solar plants that we are developing will use cutting-edge German technology to provide much needed electricity to consumers in Kenya and Uganda."
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