KarmSolar
Private off-grid solar energy integrator in Egypt.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $3.0m | Debt | |
| Total Funding | 000k | ||
A multi-utility enterprise specializing in solar energy solutions and operating as a leading Independent Power Producer (IPP) in Egypt. The company has a strong focus on the entire electricity value chain, from securing Power Purchase Agreements (PPAs) and solar distribution contracts with large commercial, industrial, and agricultural clients to developing, building, and operating solar power plants.
KarmSolar is expanding its services to include solar-powered water desalination through its KarmWater initiative, aiming to provide sustainable water solutions. The company is actively involved in large-scale projects, such as the Marsa Alam Solar Grid, connecting multiple solar stations to create a reliable power infrastructure. With a significant land bank exceeding 6,100 acres across Egypt, the company is well-positioned for future growth and the development of new solar projects. The business model revolves around long-term contracts and direct energy sales to a diverse client base, contributing to the renewable energy transition in the Middle East and North Africa (MENA) region.
Keywords: Solar Energy, Independent Power Producer, Power Purchase Agreements, Water Desalination, Renewable Energy, Egypt, MENA, Solar Grid, Utility Provider, Sustainable Infrastructure