Commercial operation starts for 250 MW Onshore wind farm in Egypt
Lekela, the renewable power generation company announced that 250 MW West Bakr Wind farm located 30 kilometres north-west of Ras Ghareb, Gulf of Suez, Egypt starts commercial operations.
Comprising of 96 turbines, installed by Siemens Gamesa, West Bakr Wind will produce over 1000 GWh of renewable electricity every year and prevent more than 530,000 tonnes of carbon dioxide emissions annually. On its own, West Bakr Wind will increase Egypt’s wind power capacity by 18%.
The project is part of the Egyptian government’s Build, Own Operate (BOO) scheme, a key element of the government’s ambitious aims to generate 20% of its electricity from renewable sources by 2022.
The project is financed by European Bank for Reconstruction and Development, the International Finance Corporation and the United States’ Development Finance Corporation.
Country news
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October 18, 2021
Orascom Construction to develop 500 MW Onshore wind farm in Egypt
Orascom Construction PLC has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb, Egypt.
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October 11, 2021
Contract awarded for 3 GW HVDC interconnection project between Egypt and Saudi Arabia
Hitachi ABB Power Grids has been selected as the lead in a consortium that has been awarded a major contract for HVDC interconnection from the Saudi Electricity Company and the Egyptian Electricity Transmission Company.
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July 16, 2021
Vortex Energy achieves US$200mn first close for its fourth Energy Fund
Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has reached a first close of US$200 million (including a US$25 million conditional commitment) for its Vortex Energy IV fund.
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April 28, 2021
ACWA power receives US$114 mn financing package for 200 MW solar project in Egypt
The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank has signed a US$114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt, the Kom Ombo project.
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April 08, 2021
ACWA Power signs PPA for 200 MW Solar project in Egypt
ACWA Power has finalised the project agreements for the 200MW Kom Ombo PV plant in Egypt.
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