Mazghouny & Co Advised Amarenco Solarize Egypt in Partnership Agreement with Oriental Weavers

Mazghouny & Co Advised Amarenco Solarize Egypt in Partnership Agreement with Oriental Weavers

The collaboration will result in the establishment of a 1.3MW solar power plant

Mazghouny & Co has provided legal counsel to Amarenco Solarize Egypt on its partnership agreement with Oriental Weavers to supply solar energy to one of its factories located in the Tenth of Ramadan area in Egypt.

While Amarenco is a prominent solar energy solutions provider, Oriental Weavers is a major carpets and rugs company.

The collaboration will result in the establishment of a 1.3MW solar power plant, catering to 80 percent of the factory’s energy requirements.

The initiative is likely to have substantial impact by reducing carbon emissions by over 2,300 tonnes annually. This aligns with Oriental Weavers’ strong commitment to sustainable practices, emphasizing the company’s goal of transitioning its factories to environmentally friendly and clean energy sources.

The Mazghouny & Co team advising Amarenco Solarize Egypt comprised Khadiga Abou-Zeid, who was supported by Yehia Zakaria, as part of the ongoing advisory services to the partnership.