{"id":8169,"date":"2022-07-29T09:01:51","date_gmt":"2022-07-29T09:01:51","guid":{"rendered":"https:\/\/www.helloleads.io\/blog\/?p=8169"},"modified":"2022-09-13T11:00:08","modified_gmt":"2022-09-13T11:00:08","slug":"20-amazing-stats-and-facts-about-karmsolar","status":"publish","type":"post","link":"https:\/\/www.helloleads.io\/blog\/stats-facts\/20-amazing-stats-and-facts-about-karmsolar\/","title":{"rendered":"20 Amazing Stats and Facts About KarmSolar"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"441\" src=\"https:\/\/www.helloleads.io\/blog\/wp-content\/uploads\/2022\/07\/KarmSolar.png\" alt=\"KarmSolar-Stats and facts\" title=\"KarmSolar-Stats and facts\" class=\"wp-image-8170\" srcset=\"https:\/\/www.helloleads.io\/blog\/wp-content\/uploads\/2022\/07\/KarmSolar.png 697w, https:\/\/www.helloleads.io\/blog\/wp-content\/uploads\/2022\/07\/KarmSolar-300x190.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong style=\"font-size: 19px\">1. About KarmSolar:<\/strong><\/h2>\n\n\n\n<p>KarmSolar is a multidisciplinary utility enterprise\nthat develops energy solutions for various industries and communities.<\/p>\n\n\n\n<p><strong>2.<\/strong> KarmSolar is a leading solar technology and integration company offering cutting-edge solar solutions to the agricultural, industrial, tourism, and corporate sectors.<br><\/p>\n\n\n\n<p><strong>3. Mission:<\/strong> The mission of KarmSolar is to pioneer emerging technologies in the field of multi-utility innovation so that communities across Egypt and North Africa can experience the benefits of smarter, more sustainable, and more efficient technology.<br><\/p>\n\n\n\n<p><strong>4.<\/strong> In 2011, Ahmed Zahran, Randa Fahmy, Yumna Madi, and Xavier Auclair founded KarmSolar in a cafe in Zamalek with a vision to empower Egyptian <a rel=\"noreferrer noopener\" aria-label=\"businesses (opens in a new tab)\" href=\"https:\/\/helloleads.io\/\" target=\"_blank\" title=\"Small Business CRM\"><strong>businesses<\/strong><\/a> and communities with renewable energy.<br><\/p>\n\n\n\n<p><strong>5. <\/strong>Originally, KarmSolar offered solar-powered water pumping for farms and agri-developers, for which they obtained patents.<\/p>\n\n\n\n<p><strong>6. Founder and CEO:&nbsp; <\/strong>Ahmed Zahran<\/p>\n\n\n\n<p><strong>7. Website: <\/strong>www.karmsolar.com<\/p>\n\n\n\n<p><strong>8. Headquarters:<\/strong> 17 Bahgat Ali St, Cairo, Cairo, Egypt <\/p>\n\n\n\n<p><strong>9. Business Type: <\/strong>Egypt&#8217;s private solar energy market <\/p>\n\n\n\n<p><strong>10.<\/strong> KarmSolar is the first <a rel=\"noreferrer noopener\" aria-label=\"business (opens in a new tab)\" href=\"https:\/\/www.helloleads.io\/blog\/all\/marketing-and-sales\/top-10-essential-mobile-apps-for-every-small-business\/\" target=\"_blank\" title=\"Mobile CRM\"><strong>business<\/strong><\/a> in Egypt to receive an <strong>Independent Power Producer (IPP)<\/strong> license from Egypt ERA, which will allow it to market off-grid solar power. <\/p>\n\n\n\n<p><strong>11.<\/strong> Apart from joining the Egyptian Government Feed-in Tariff program in 2017 and establishing a station in Sahl Hashish, KarmSolar signed its first PPA (Power Purchase Agreement) with Juhayna in 2015. <\/p>\n\n\n\n<p><strong>12.<\/strong> Solar power is typically an unaffordable alternative due to the high initial cost of purchasing a solar station. KarmSolar provides PPAs to local businesses to help address this issue and make solar solutions more affordable. <\/p>\n\n\n\n<p><strong>13.<\/strong> KarmSolar is a key player in Egypt&#8217;s developing <strong>independent solar power producer (&#8220;IPP&#8221;) <\/strong>sector. With significant commercial, agricultural, and industrial clients, the business secures PPAs and solar distribution contracts. <\/p>\n\n\n\n<p><strong>14<\/strong>. In order to educate young people about solar energy and introduce them to the sector, KarmSolar organized the KarmSolar Awards for Renewable Energy Innovations in 2020. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong style=\"font-size: 19px\">15. Branches:<\/strong> <\/h2>\n\n\n\n<p>According to El Awa, KarmSolar currently runs <strong>12 solar power plants in Egypt<\/strong> that produce a combined 8.2 MW of distribution capacity and 31.4 MW of installed generation capacity. <\/p>\n\n\n\n<p><strong>16. Total Employees:<\/strong> 144 Employees <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong style=\"font-size: 19px\">17. Features:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Karm Architecture Lab (KAL), a component of KarmSolar, is dedicated to the development of energy-efficient and human-centered architecture and design.<\/li><li>Their newest division, which was focused on solar-powered water desalination technologies, was in addition to KarmWater. <\/li><li>KarmWater designs, constructs, and runs solar-powered desalination stations, providing customers with easily accessible fresh water through Water Purchase Agreements. <\/li><li>In <strong>2021<\/strong>, With the Marsa Shagra resort in <strong>Marsa Alam<\/strong>, KarmWater <strong>inked <\/strong>its <strong>first solar desalination project<\/strong> that will provide all of the resort&#8217;s water requirements.<\/li><\/ul>\n\n\n\n<p><strong>18. Revenue: <\/strong>$26 Million <\/p>\n\n\n\n<p><strong>19.<\/strong> Nearly 170 MW of solar PV plant projects are currently operational, under construction, or in advanced development in Egypt, according to KarmSolar&#8217;s portfolio. These solar energy initiatives contribute to Egypt&#8217;s goal of producing 42% of its electricity from renewable sources by 2035. <\/p>\n\n\n\n<p><strong>20. Partners:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In&nbsp; 2019, French energy company EDF\nGroup stated that its renewable energy branch, <strong>EDF Renewables<\/strong>, has\npartnered with Egypt&#8217;s KarmSolar to advance the country&#8217;s solar power grid.<\/li><li>As part of the collaboration, EDF Renewables will raise money through a\nrestricted capital increase to acquire a strategic ownership share in\nKarmSolar. With this investment, KarmSolar will be able to carry out its\nambitious development strategy throughout the nation.<\/li><li><strong>Cairo &#8211;\nKarmSolar<\/strong>,\nEgypt&#8217;s solar energy firm, and <strong>Marakez<\/strong>, a mixed-use real estate\ndeveloper, have signed a contract to distribute 22 megawatts (MW) of power in\nthe <strong>District Five region<\/strong> (D5M) of East Cairo.<\/li><li>The first private company in Egypt to be granted permission to distribute electricity from the national grid in Marsa Alam is KarmSolar. KarmSolar made agreements to join the solar grid with eight locations and received 10 MW of distribution capacity. Each location has specific PV stations that provide on-site renewable energy. <\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>1. About KarmSolar: KarmSolar is a multidisciplinary utility enterprise that develops energy solutions for various industries and communities. 2. KarmSolar is a leading solar technology and integration company offering cutting-edge solar solutions to the agricultural, industrial, tourism, and corporate sectors. 3. Mission: The mission of KarmSolar is to pioneer emerging [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":8170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[139],"tags":[1400,1396,1398,1397,1399,188],"class_list":["post-8169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats-facts","tag-egyptleadingpowertechnology","tag-karmsolar","tag-multiutilityenterprise","tag-solartechnologycompany","tag-solartechnologyinegypt","tag-statsandfacts"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>20 Amazing Stats and Facts About KarmSolar - HelloLeads Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.helloleads.io\/blog\/stats-facts\/20-amazing-stats-and-facts-about-karmsolar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"20 Amazing Stats and Facts About KarmSolar - HelloLeads Blog\" \/>\n<meta property=\"og:description\" content=\"1. 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