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The world of renewables this week

Egypt will strengthen its electricity grid with $183 million in loan funding from The European Bank for Reconstruction (EBRD). The money is for the Egyptian Electricity Transmission Company to modernize its grid so it can handle 1.3 GW more of renewable energy. Renewable projects in Egypt have so far focused on solar, with EDF as one of the major players in the region. However, traction is starting to be seen within onshore wind, with a 262.5 MW farm recently commissioned by Engie. Greece is eyeing up €44 billion in funding to reduce its dependency on fossil fuels. It has the ambition to reduce its carbon footprint by 55% by 2030, closing all coal-fired power plants, a strategy approved by the…

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