MIT Enterprise Forum Pan Arab
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KarmSolar

KarmSolar

Renewable Energy and Greentech

Egypt

Still operating

Launched in 2011

Competition

Competition

Rank

Rank

Arab Startup Competition Fifth Edition 2012

Semi-finalist


The Arab World Meets Silicon Valley First Edition 2014



Competition

Arab Startup Competition Fifth Edition 2012 - Semi-finalist

The Arab World Meets Silicon Valley First Edition 2014

Description

KarmSolar Group is a multidisciplinary enterprise that focuses on fully self-sufficient project development for various types of communities and project developments. Through KarmSolar’s subsidiaries – KarmPower (Solar Technology) and KarmBuild (Design and Build), - the company's portfolio now includes entities in the commercial, industrial, agricultural, touristic and residential sectors in solar power infrastructure, real estate development, and providing innovative environmental and energy efficient development solutions in architecture and construction. The company evolved over the years to fully undertake full-fledged EPC and Power Purchase Agreements (PPA) contracts in house as well as project development fundraising, covering all aspects of project development. KarmSolar recognizes that R&D is a backbone to its operations independence, and so their innovative engineers continue to pioneer new technologies while ensuring the solar energy's commercial viability and operational efficiency in the Egyptian energy market. KarmSolar was the first private solar integrator in Egypt to obtain a license from the Egyptian Electricity Regulatory Agency (EgyptERA) to generate, sell & distribute electricity to private sector consumers and was the first company in Egypt to reach financial closure, obtain the final license and operate its Feed-In-Tariff (FiT) station selling power to the national grid.

Founders

Ahmed Zahran

Ahmed Zahran

Co-founder and CEO

Randa Fahmy

Randa Fahmy

Co-founder, R&D General Manager, Chief Strategy & Compliance Officer

Yumna Madi

Yumna Madi

Xavier Auclair

Xavier Auclair

Reach out

Visit website

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