DEG makes targeted investments in further renewable energy projects

As a climate and impact financier, DEG further expanded its commitment to renewable energies in 2025 by providing long-term financing and advice for new solar and hybrid projects. Together with international development financiers, it is funding projects that will help to ensure more environmentally friendly electricity generation and more stable network infrastructure locally, as well as contributing to the development of the local market.

Africa: Expansion of solar energy and green electricity infrastructure

Côte d’Ivoire: First private solar IPP in the country

DEG provided EUR 15 million for the construction and operation of a 50 MW solar PV power plant in Côte d’Ivoire in 2025. Dutch development bank FMO arranged the financing, which totalled EUR 48 million. As the country’s first private independent power producer (IPP), AMEA Power, a leading developer of renewable energy projects, will develop, construct and operate the solar power station. The project will help to build up a sustainable energy supply and will result in annual savings of around 35,400 tonnes in CO2 emissions. The electricity that is generated will be fed into the public grid for 25 years as part of a power purchase agreement (PPA).

Egypt: 1 GW solar project strengthens national electricity supply

Abydos II, a 1,000 MW solar PV power plant with a 600 MWh integrated battery energy storage system (BESS), will be built in southern Egypt. The project will generate over three million MWh of electricity each year; the battery storage system will provide emission-free electricity during peak load times at night, saving almost 1.6 million tonnes of CO2 per year. The power plant will be constructed by AMEA Power and Japan’s Kyuden International Corporation.

The loan of around USD 572 million that will finance the project is to be arranged by IFC, with DEG providing USD 93.3 million. Other organisations contributing to funding include Cassa Depositi e Prestiti (CDP), FMO, British International Investment, the OPEC Fund for International Development and Europe Arab Bank.

Asia: Solar PV project plus battery storage systems in Cambodia

DEG is arranging financing worth USD 124 million for a 150 MW solar PV facility owned by SchneiTec Group with a 30 MW battery storage system in the Cambodian province of Pursat. As the arranger, DEG not only designed the transaction structure but has also assembled a strong financing group that includes the French development finance company Proparco and the commercial banks Advanced Bank of Asia Ltd. and Bred Bank (Cambodia) Plc. DEG itself is investing USD 47 million.

While DEG is driving forward the expansion of renewable energies in the private sector, KfW Development Bank is supporting the expansion of the public grid in parallel with this. Together, they are thus helping Cambodia to manage its energy transition successfully and to ensure that the bulk of its electricity requirement can be covered by renewable energies by 2030.

Latin America: Dominican Republic – solar power with storage technology

In the Dominican Republic, DEG is financing a solar farm with a total capacity of 120 MW, which will be realised in two phases. A 15 MW battery storage system will also be installed in the second construction phase, which will improve network stability and thus help to ensure a more reliable electricity supply in rural areas. DEG provided a loan of USD 27.5 million for this project in 2025. Proparco is arranging the loan financing, with FMO also contributing funding. The facility will be developed and operated by LCV Ecoener Solares Dominicana S.R.L., a subsidiary of Spanish company Grupo Ecoener S.A.

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