Company profile

Venus

Venus is an Egypt-based special purpose vehicle and wholly-owned subsidiary of Karm Holding, established to develop, own, and operate off-grid solar energy infrastructure for the agricultural sector. The company's principal asset is the Cairo 3A hybrid energy project, which supplies electricity to poultry farms in agricultural areas beyond the reach of Egypt's national power grid. The Cairo 3A project employs a hybrid generation model integrating solar photovoltaic technology, battery energy storage systems, and diesel generator backup. The first phase, commissioned in 2020, delivered a contracted capacity of 3 MVA and 2.5 MWp of solar generation. The ongoing second phase, scheduled for completion in 2026, will expand total capacity to 5.5 MVA and 4.5 MWp, representing an 83% increase.

Sector

Energy and power / Commercial & Industrial (C&I) Solar

Markets

Egypt

Ownership

Private

Source: Partner Researchers.