The European Bank for Reconstruction and Development (EBRD) is considering loans worth $526mn for solar power projects in Egypt and Jordan, part of a growing EBRD program to support renewables investment in Arab Mediterranean countries. The loans are intended to help recipients achieve renewable energy targets while reducing reliance on hydrocarbon imports.

The bank is considering providing up to $500mn (€455mn) to 10-15 individual private developers to finance the construction and...