Egypt plans world-class wind energy project
The 1.1GW wind farm budgeted at US $1.5bn will reduce emissions annually by 2.4m tonnes
Saudi-listed Acwa Power has announced that its consortium – which includes construction group Hassan Allam – has signed a 25-year agreement with Egypt’s New and Renewable Energy Authority. This will see the development of a 1.1GW wind energy project, which will be one of the largest onshore wind energy initiatives ever conceived.
It is being set up at an investment of US $1.5bn and aims to reduce regional CO2 emissions by 2.4m tonnes annually. The consortium will work during the project’s development phase to complete site studies and secure project financing in the Gulf of Suez and Jabal Al-Zeit regions.
The agreement was signed in the presence of Dr. Mostafa Madbouly, Prime Minister of Egypt; Dr Mohamed Shaker, Minister of Electricity and Renewable Energy of Egypt; Hassan Allam Utilities, Minister Plenipotentiary Abdulrahman bin Salem Al Dahas; and Deputy Ambassador of di Arabia in Cairo, Amjad Saeed.
As per the deal, the Acwa Power-led consortium will help secure financing and also find land for the massive new wind farm, set to be built across the Gulf of Suez and Gebel al-Zeit.
The wind farm will boast some of the tallest wind turbines yet built, which will be in excess of 220m tall and will power up to 1.08m homes.
