Green Energy Industry Insight 2022

16533

Tax № 720 875 285

Mixed-Use Destination

at West of Cairo.

Residential

Branded Homes

Commercial

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As a leading provider of smart logistics solutions, we at Dubai Ports

World help trade flow globally, creating a better future for all. That

includes implementing various actions geared toward addressing

climate action and reducing our carbon footprint.

The “Our World, Our Future” sustainability strategy guides us in every

step we take. It helps us work responsibly by prioritizing sustainable

and inclusive economic growth to create positive impacts for the

people, communities, and environment in which we operate.

Utilizing

green

energy

in

our

operations to reduce greenhouse gas

emissions is our key business priority.

Other actions, such as implementing

solar power solutions in our facilities,

bringing electric vehicles to COP27,

and

providing

ongoing

employee

awareness programs for best practices,

all keep us focused on the goal of

addressing climate change and leaving

a better world for future generations.

“Our World, Our Future”

Among

the

activities that have

the most impact on

carbon

emissions

is

t h e

construction and building

m a t e r i a l s

industry, which contributes to up to

39% of the total global carbon emissions. Yet, it lags in

reducing carbon emissions and green transformation.

For that reason, green real estate moves up the

corporate and developers’ priority list worldwide.

A real estate report found that 63% of investors

strongly agree that green strategies can drive higher

occupancy, higher rents, higher tenant retention, and

overall higher value.

We need to start this transformation today, as 70%

of the buildings in many global cities will be green in

2050. It will be critical for real estate to play its role in

a more sustainable, just, and equitable future – a net-

zero future in the next decade.

Where is Egypt in terms of green buildings?

The sustainable development strategy is part of

Egypt’s Vision 2030, evident in Egypt’s continuous

progress on the global sustainable development

index issued by the United Nations.

Accordingly, green buildings endorsement by the

real estate and building materials sectors is vital to

Egypt’s sustainable development. It would drive

Egypt’s economic growth with low-carbon (greener)

products,

relatively

new

to

the

market.

Egypt’s real estate market has expanded rapidly,

more than anywhere else in the region; despite

that, building sustainable real estate is still taking its

first steps. The local buildings certified with green

certificates are at most 50 facilities in Egypt.

The government should lead the way, starting

with developing green building codes and raising

awareness and knowledge about green building

principles.

REDCON

was

a

pioneer

in

endorsing

the

sustainability platform and the “Green Building”

concept, building one of the first, if not the first green

building in Egypt - Bank Audi (recently acquired by

First Abu Dhabi Bank) Headquarters, which is a LEED

certified building.

How is Golden Gate project sustainable?

REDCON for Offices and Commercial Centers is a

member of the UN Global Compact - Egypt Network

and a founding member of the Egyptian Green

Building Council. Golden Gate follows the green

buildings concept, achieving at least 9 of the UN

SDGs. Golden Gate is working to obtain the EDGE

Certification, which would qualify the project for

savings in energy of more than 40%, savings in water

of more than 20%, and embedded energy savings in

the material by more than 20%.

Building for the

environment

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Golden Gate was designed in harmony with the

site’s natural surroundings, making it a sustainable

project that significantly reduces operational costs,

improves occupants’ productivity, optimizes life-cycle

economic performance, and thus enhances asset

value and profits.

All buildings will minimize energy consumption

and utility bills. Golden Gate uses high-performance

glass panels (Low E Glass) in its facades which reduces

the heat transmissions from outside, requiring the

AC systems to work less, thus reducing electricity

consumption. The project uses a district cooling plant

to cover all the air-conditioning requirements for the

entire project powered by natural gas, a sustainable

cooling solution. The offices’ spaces have been

designed to bring in as much natural light as possible

to increase productivity and improve the mental and

physical health of the employees. The retail spaces’

designs have heights from 6-9 meters, allowing

retailers to display their products and offering an

exceptional shopping experience. Because Golden

Gate is a Super Regional Mall, we have an immense

outdoor activities area, especially with the increasing

demand to enjoy the Egyptian sun and avoid closed

areas.

A

construction

waste

management

plan

is

implemented to recycle and reuse more than 70% of

the non-hazardous waste material extracted. During

construction, green construction material or material

produced with low carbon emissions will be used to

reduce overall construction costs and result in energy

savings. Additionally, we have 10,000 square meters

of solar panels atop Golden Gate’s buildings, reducing

our carbon emissions.

The location of the project takes into consideration

environmental factors. For one, the electric monorail

stops very close to the project, where we offer an

electric bus to move visitors from the station to

Golden Gate. There will also be super-fast EV charging

stations in the parking.

What are the unique selling points of Golden

Gate?

The location of the Golden Gate in New Cairo is unique

between Road 90 North and Road 90 South, just in

front of the American University in Cairo. It is minutes

away from the New Capital, Shorouk, Obour, Nasr

City, and the Ring Road, which connects all of Cairo’s

neighborhoods all the way to the 6 of October City.

There is at least one access point from each road in

the project. The project is amid 20 affluent residential

communities. One of the most crucial points is the

walkability of the project. The project has a 1.2km

route facing 90 Street. Internally, you have a main live

pedestrian 900m walkway, taking you smoothly from

one zone to the next, yet you can still walk for around

5km through different routes in the project.

We have a dedicated cargo area where the shops

and restaurants renting spaces can receive their

products quickly without disrupting the flow of

passenger cars. We also have an intelligent parking

system to direct visitors to their destination’s most

convenient parking space.

The underground garage is key for this project; it

was designed to accommodate 8,000 vehicles indoors

in an area of 250,000 sqm, making it the biggest

indoor parking area in the country. The parking has

20 entrances/exits to reduce traffic jams. The ratio of

vehicles to visitors in Golden Gate is 1.25, higher than

industry standards.

Who are you partnering with in Golden Gate?

REDCON for Offices and Commercial Centers

partnered with the leaders in sustainability

consultancy,

‘DCARBON,’

‘SALuS,’

‘RECAP,’

and

‘ECO STRATEGIES’ to support our sustainability

mission. DCARBON is implementing an Economic,

Environment,

Social

and

Governance

(EESG)

management system and framework, SALuS is

providing a sustainable business community strategy,

and RECAP is conducting a sustainable commercial

business strategy. At the same time, ECO STRATEGIES

is our technical green buildings consultant.

We have has partnered with specialized consulting

entities, most notably ‘WATG’ for the masterplan

concept, ‘SWA’ for the landscape and way-finding

design, ‘Dr. Usama Okeil’ for traffic consultancy and

‘Walker’ for the indoor car parking design, which

would provide greater parking efficiency and a car

parking management system to reduce travel time in

the parking area and, accordingly, carbon emissions.

We also partnered with ‘Savills,’ a global real

estate consultancy, ‘JLL’ for real estate services

and investments management, ‘REDCON’ Project

Management, and ‘Hill International for facility

management.

We also worked with ‘Archvision Consultancy Co.’

for engineering consultancy, Amr Abdel Rahman

Design and Engineering Consulting Office AACE’

and Engineer Hani Ali’s “EMG” office.

Please give me a brief overview of Golden Gate’s

offerings.

We offer standalone office buildings and single key

tenants on a purchase or rental basis. The latter’s size

starts from 2,500 sqm, while the standalone office

buildings can reach up to 8,000 sqm. One can also

rent or buy a floor ranging from 2,500 to 3,000 sqm.

We also have serviced offices for smaller companies

starting from 70 sqm. Those offices have shared

spaces, such as meeting rooms of varying sizes,

business centers, and multi-purpose rooftops. All

services offered in those facilities are modern and

sustainable.

We also offer office leasing options, which adopt the

‘built-to-suit concept.’ Those can be delivered as core

and shell or fully fitted per the tenant’s specifications.

The flexibility stretches to tailoring parking spaces. A

full spectrum of retail leasing is also available.

As the Egyptian government is working towards decarbonizing the energy sector in Egypt, Infinity sees a wealth

of opportunities in Egypt and Africa to develop clean and sustainable energy projects. The company today is

the only dedicated renewable energy solutions provider in Egypt that develops solutions across various sectors

and scales.

Part of Infinity’s business strategies is to collaborate with international partners to ensure their projects have

the latest technologies, adhere to international standards, and are scalable. This is reflected in the company’s

latest bid to acquire Lekela Power. Mohamed Ismail Mansour, Co-Founder and CEO, Infinity, noted that “The

bid for acquisition is a key milestone for Infinity. It will be the largest such transaction in Africa. It also portrays

Infinity’s continuous growth and its dedication to continue to create a sustainable supply of clean energy.”

Infinity’s vision is to enable a cleaner and more sustainable future for Egypt and Africa and its mission is to

provide sustainable energy solutions that respect the environment and enable communities to realize their

full potential.

Powering

with nature

Mohamed Ismail Mansour

Co-Founder and CEO, Infinity

Can you give me an overview of Infinity?

We started operations in 2014 as the only dedicated

renewable energy solutions provider in Egypt that

develops clean energy solutions across several

sectors and scales. We harness the power of clean

energy to provide innovative and sustainable energy

solutions that power our societies and better sustain

the environment. We believe in the right to electricity

for everyone, and aim to contribute towards the

transition to a clean energy model and power our

societies in ways that protect our planet.

For nearly a decade, Infinity has been leading the

shift to a sustainable future for Egypt and Africa

through

meticulously

developed,

commercially

viable energy solutions that provide everyone with

efficient and sustainable access to energy resources.

We harness different resources for power generation

– solar, wind, and waste-to-energy. We also provide

power

distribution

services

delivering

energy

generated from gas, hydro, solar, and wind across

the country, as well as connecting electricity from

plants to cities on an infrastructural scale and to

homes and compounds on a commercial scale.

At the cities and infrastructure scale, Infinity builds

solar, wind and waste-to-energy plants and has

developed Egypt’s largest electric vehicle charging

network. On commercial and industrial levels, Infinity

provides innovative services for a broad range of

industries, such as real estate and agriculture.

Since 2018, the company has established the largest

EV charging network, achieving the milestone target

of installing more than 440 charging points covering

11 governorates across Egypt. We are also the most

significant Egyptian contributor to the Benban Solar

Park, Africa’s largest photovoltaic power station

with an estimated contribution of 14% of the total

capacity.

Infinity is playing an integral part in contributing

renewable energy solutions to power COP27 this year.

As part of our efforts, we have developed a 6 MWp

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solar energy plant in Sharm el Sheikh, which we will

be managing and operating to power the event and

afterwards. The plant will generate up to 11,723 MWh

total energy per year. We have also developed

18 electric vehicle charging stations across Sharm

El Sheikh, enabling the use of EVs during the

summit and years to come. The 18 stations feature

58 chargers across the city, 49 of which are AC and

9 of which are fast DC chargers.

It was recently announced that you are in the

process of acquiring Lekela Power. Please

give us an overview of the project.

In July, Infinity Power Holding (IPH), a joint venture

between Infinity and Masdar, bid to purchase

Lekela Power, Africa’s largest renewables-focused

independent power producer, from private equity

company Actis. Once finalized, the bid will expand

IPH’s footprint across the continent, making it the

largest African renewable energy company.

The acquisition will include Lekela Power’s portfolio

of operational wind power projects, which have

a combined installed capacity of over 1 gigawatt

(GW), mainly located in South Africa, Egypt, and

Senegal. It will also include Lekela’s 1.8 GW pipeline

of greenfield projects, the majority of which are

anticipated to reach a financial close soon.

This acquisition of Africa’s largest independent

power producer in the renewables sector (Lekela)

will be a significant milestone in our strategy for

growth across the African continent. We are proud

to be playing a pivotal role in contributing towards a

brighter more sustainable future for Egypt and the

African continent.

How does Infinity group plan to become

Africa’s leading sustainable energy provider?

With an aim to contribute towards the transition to a

clean energy model and power our societies in ways

that protect our planet, we engage with qualified

world-class partners with a global outlook and local

expertise.

The Infinity group works closely with the strongest

renewable

players

in

the

region

and

world,

including Masdar, the Africa Finance Corporation

(AFC), and European Bank for Reconstruction and

Development (EBRD). The international experience,

footprint, and trustworthiness of these partners and

others we worked with over the years enable Infinity

to realize our plans to develop an extensive portfolio

of clean and sustainable energy projects across the

African continent.

Our continued efforts to energize Africa and the

places most in need of power is unwavering.

We are taking progressive steps, along with our

partners, to exponentially accelerate the adoption of

renewable energy across Africa in the coming years.

Advertorial

Beyti is a joint venture of Almarai and Pepsico. We

are one of the largest producers of milk, juice, and

yogurt in Egypt with our famous brands of Almarai

milk, Almarai yogurt, Almarai Treats, Almarai Yogo,

Almarai Juice, Almarai creams, labneh, and butter.

Beyti was established in 1998 and acquired by

Almarai and Pepsico in 2009.

It operates a fully automated facility on the

Cairo-Alexandria Desert Road in Nubariya- Beheira

Governorate. Our head office is in New Cairo, and

sales are from over 30 distribution centers across

Egypt.

We export from Egypt to more than 40 countries

worldwide, guided by our passionate associates

who are united by our core values -Family, Courage,

Respect, Ownership, Collaboration, and Innovation.

Beyti’s

Below is a conversation with

Mark Wyllie -Beyti CEO