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IFC boosts North Africa?s renewable energy sector

Alcazar Energy is focused on developing renewable energy sources. (Image source: Johan-Swanepoel)

IFC, a member of the World Bank Group, has increased its investments in large-scale infrastructure projects in North Africa and across the rest of the Middle East

IFC sealed a deal on a US$208mn debt package to finance the construction of seven solar photovoltaic plants in Jordan. This will be one of the largest private sector-led solar projects in the MENA region, and winner of Infrastructure Journal?s prestigious Middle East Renewable Deal of the year award.

?With demand for infrastructure, especially power, rising rapidly every year in the region, these projects demonstrate the importance of the private sector in increasing capacity and boosting renewable energy generation,? said Wiebke Schloemer, IFC's regional industry head of infrastructure in Europe, the Middle East and North Africa.

?The region is blessed with an abundance of natural resources so the opportunities in this sector are immense.?

IFC also invested US$25mn in pioneering power firm Alcazar Energy to help launch a series of renewable energy projects in the Middle East, Turkey and Africa to develop solar and wind power plants. 

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EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

DEWA's SAP upgrade drives innovation, sustainability, and efficiency in Dubai's utilities. (Image source: Adobe Stock)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

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Markus Oberlin, CEO of Farnek. (Image source: Farnek)

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

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SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

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With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

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