Egypt’s New and Renewable Energy Authority (NREA) is set to begin the trial operations for the 250 MW Gulf of Suez wind power project located in the Gulf of Suez, approximately 30 km north-west of Ras Ghareb, Egypt.
The wind farm is part of Egypt's plan to expand renewable energy and diversify energy sources. It has a total investment cost of around EUR220 million (US$238.61 million). The project was financed through a consortium of European financing institutions, including KfW, the French Development Agency (AFD), the European Investment Bank (EIB), and the European Commission (EC).
The wind farm is comprised of 73, 3.6 MW turbines supplied by Senvion, which will generate 1120 GWh annually enough to power more than 350,000 homes. The project is built through the build, own, operate (BOO) framework of the Egyptian government. It will contribute to reducing carbon emissions and decreasing dependence on fossil fuels and is expected to become operational in December this year.
Masdar has collaborated with Infinity Power and Hassan Allam Utilities to acquire land for a 10 GW onshore wind project in Egypt.
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ACWA Power has signed a US$123 million financing package to develop the 200 MW Kom Ombo solar photovoltaic project in Egypt.
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The Red Sea Wind Energy Consortium has announced the financial close, of the new 500 MW Gulf of Suez Wind Farm near Ras Ghareb, Egypt.
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Globeleq has signed a Framework Agreement to develop a large-scale green hydrogen facility within the Suez Canal Economic Zone, Egypt.
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AMEA Power has signed a Framework Agreement with the Government of Egypt to develop a 1,000MW green hydrogen project located at the coastal town of Ain Sokhna in the Suez Governorate, Egypt.
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