MoU signed for 10 GW Onshore wind project in Egypt
Masdar, along with Infinity Power and Hassan Allam Utilities, have signed a memorandum of understanding (MoU) to develop a 10 GW onshore wind project in Egypt.
Upon completion, the 10 GW wind farm will generate 47,790 GWh of clean energy annually and offset 23.8 million tons of carbon dioxide emissions, which is approximately 9 percent of Egypt's current CO2 emissions.
The wind farm will save Egypt US$5 billion annually on natural gas and create 100,000 employment. Approximately 3,200 jobs will be added for operation and maintenance following construction.
Country news
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June 23, 2022
ACWA Power to develop 1.1 GW onshore wind project in Egypt
ACWA Power has signed a US$1.5 billion project agreement to build a 1.1 GW onshore wind farm project in Egypt.
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December 10, 2021
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 starts commercial operations.
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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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