The Overseas Private Investment Corporation (OPIC) will support the development of 250 MW wind project in Egypt through a financing of US$87 million.
The wind farm is located in the Gulf of Suez, approximately 30km north-west of Ras Ghareb. It will be comprised of 73 3.6 MW turbines supplied by Senvion, which will generate 1120 GWh annually. The project is built through the build, own, operate (BOO) framework of the Egyptian government.
The facility is being developed by a joint venture between Actis and Mainstream Renewable Power. It is set to be completed by 2021.
Country updates
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May 06, 2019
First part of 400 MW solar PV project in Egypt enters commercial operation
Scatec Solar and partners have grid connected and reached commercial operation for 65 MW of their 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project u...
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February 26, 2019
150 MW solar PV project in Egypt to commence commercial operation
ACCIONA Energía and Swicorp have completed the assembly of three photovoltaic plants in Egypt with a maximum capacity of 186 MWp (150 MW rated). They will enter commercial service in the next f...
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February 14, 2019
Lekela Power signs PPA for 250 MW wind project in Egypt
Lekela has announced that it has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for its 250 MW wind farm project in the Gulf of Suez.
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January 31, 2019
Arabian Cement partners Solarize Egypt for solar PV project in Suez plant
Arabian Cement Company (ACC) has sealed a deal to generate energy by the use of solar energy as part of the energy mix powering its Suez plant in cooperation with Solarize Egypt, making it the first c...
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January 28, 2019
30 MW solar project goes live in Egypt
The first of 16 solar plants financed by the European Bank for Reconstruction and Development (EBRD) at the Benban solar park in Egypt is now fully constructed and connected to the national electricit...
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