Venus Secures Financing From Banque Misr To Expand Cairo 3A Hybrid Solar Project In Egypt

Venus has secured a new round of financing to expand its Cairo 3A energy project in Egypt, strengthening efforts to provide reliable off-grid power solutions in remote agricultural areas. The company recently received EGP 70 million, around $1.3 million, in Shariah-compliant financing from Banque Misr. With this latest funding, the total financial support from the bank for the project has reached EGP 154 million, reflecting growing confidence in hybrid renewable energy systems that serve industrial and agricultural operations located away from the national grid.

The Cairo 3A project has been developed as a dedicated energy system to power large agricultural facilities, especially poultry farms that operate in remote regions. These farms often face major challenges when it comes to accessing a stable electricity supply because they are located far from grid infrastructure. As a result, independent energy systems have become essential to ensure continuous operations. To address this challenge, Venus Energy has designed a hybrid power system that combines multiple energy technologies to deliver consistent electricity while also reducing environmental impact.

The project integrates solar photovoltaic panels, battery energy storage systems, and conventional backup generators. This hybrid structure allows the facility to rely heavily on solar power during the day while storing excess energy in batteries for later use. When solar production is limited or demand increases, backup generators can provide additional support to maintain an uninterrupted power supply. By combining renewable generation with storage and backup systems, the project significantly lowers dependence on fossil fuels and helps reduce overall carbon emissions.

The expansion of the Cairo 3A energy system is mainly driven by the rising electricity demand of the poultry farm it serves. The first phase of the project was launched in 2020 with a generation capacity of 3 MVA and a solar component of 2.5 MWp. At the time, this capacity was sufficient to meet the operational requirements of the facility. However, as the farm expanded its production activities, the need for additional electricity became increasingly evident.

With the newly secured financing, the second phase of the project is now moving forward and is expected to be completed in 2026. Once the expansion is finished, the total generation capacity will increase to 5.5 MVA, while the solar component will grow to 4.5 MWp. This represents an increase of about 83 percent compared with the original capacity of the project. The larger system will ensure that the farm can continue to operate efficiently while maintaining a reliable and sustainable power supply.

According to KarmSolar, the parent company behind the project, the latest funding highlights the growing role of financial institutions in supporting clean energy infrastructure in Egypt. The company noted that projects like Cairo 3A demonstrate how hybrid renewable systems can successfully power large industrial and agricultural operations in rural areas.

The expansion is also expected to contribute to Egypt’s broader sustainability objectives by promoting cleaner energy use and reducing reliance on traditional power sources. By supporting off-grid renewable energy solutions, the project provides a practical model for future developments in the country’s agricultural and industrial sectors.