- Egypt has signed an agreement for a 1.1 gigawatt wind energy production project.
- The wind energy venture is the region’s largest wind energy project and ranks among its top onshore initiatives globally.
Egyptian cabinet has stated that the country has signed an agreement for a 1.1 gigawatt wind energy production project in the Gulf of Suez and Gabal El-Zeit regions. This includes $1.5 billion in investments with a consortium led by ACWA Power. The agreement was signed by Mohammed Al-Khayyat, the chair of NREA; Mohammed Hamdouche, ACWA’s vice president for business development; Hassan Amin, the director of ACWA Power Egypt; and Dalia Wahba, CEO of Hassan Allam Utilities.
Following the signing, Shaker outlined the upcoming steps of securing project financing and conducting thorough site studies. He added that the venture is the region’s largest wind energy project and ranks among its top onshore initiatives globally. It is expected to cut carbon emissions by 2.4 million tons each year.
In addition, it would save about 840,000 tons of fuel and supply power to a million homes in Egypt. Brostrom said the project will incorporate 220-meter-tall wind turbines, the tallest in the Suez Gulf region. It will also feature cutting-edge technology to maximise power generation while optimising land usage.