Arab Finance: Future of Egypt for Sustainable Development Authority has put pens to two memoranda of understanding (MoUs) with the UAE's Masdar to construct new renewable energy projects, as per a statement.
The agreements outline plans for a five-gigawatt floating solar energy project in Lake Nasser and a 2.8-gigawatt solar energy project in Naga Hammadi.
These projects contribute to national and regional sustainable development goals and support global efforts to combat climate change.