AlexFert-SolarizEgypt deal to generate 1.58 GWh of clean energy, cut 718 tons of CO2

10 / 08 / 2026

By Marwa Nassar - -

Alexandria Fertilizers Company (AlexFert) is expanding its use of renewable energy through a 30-year power purchase agreement (PPA) with SolarizEgypt, bringing 1 MW of solar power to its production facility in Alexandria.

The project is expected to generate around 1.58 GWh of clean electricity annually, helping AlexFert reduce the electricity it draws from Egypt’s national grid by an estimated 4.2%.

718 tons of CO2 avoided each year:

The solar project is expected to avoid nearly 718 metric tons of CO2 emissions annually, adding up to approximately 21,528 metric tons over the 30-year agreement.

The project forms part of AlexFert’s efforts to integrate renewable energy into its industrial operations while strengthening the energy resilience of its production activities.

Turning clean energy into measurable impact:

Under the agreement, AlexFert will receive clean and reliable electricity without an upfront capital investment. SolarizEgypt will finance, develop, own, operate, and maintain the solar plant throughout the agreement.

The shift to solar power combines environmental and operational benefits by reducing AlexFert’s dependence on grid electricity while supporting more efficient and resilient industrial operations.

Alaa el-Banna, Chairman of AlexFert, said the agreement represents a practical step in the company’s strategy to improve the sustainability and efficiency of its industrial operations.

“By integrating renewable energy into our production facilities, we are strengthening the long-term resilience of our energy system and reducing our reliance on electricity from the national grid by around 4.2% annually, alongside supporting the transition toward cleaner and more sustainable industrial operations,” he said.

Sustainability across the portfolio:

The project also reflects Valmore Holding’s focus on integrating sustainability across its portfolio companies.

Jon Rokk, CEO of Valmore Holding, said the company’s approach extends beyond capital investment to enabling its subsidiaries to develop more efficient, resilient, and sustainable business models.

He pointed to the project’s expected avoidance of around 718 metric tons of CO2 emissions each year as an example of how sustainability initiatives can deliver measurable operational and environmental outcomes.

SolarizEgypt on clean energy:

Ayman Waheed, CEO of SolarizEgypt, said the transition to clean energy requires practical solutions designed around the needs of industrial companies.

“We are proud to partner with AlexFert through the PPA model, which enables companies to benefit from clean and reliable electricity without upfront capital investments, while improving business efficiency and creating long-term value,” Waheed said.