- Engie signs a contract with the Egyptian authorities to develop a 3,000 MW wind farm.
- The project will be implemented in a consortium formed a few years ago.
Engie, French independent power producer (IPP), the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) signed an agreement to develop the largest wind farm in Africa, to be built in the Gulf of Suez in Egypt. The Egyptian Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mohamed Shaker were present.
A 3,000 MW wind farm will be constructed 40 kilometres northwest of Ras Ghareb by a consortium made up of Engie, Orascom Construction, Toyota Tsusho Corporation, and Eurus Energy under a public-private partnership (PPP). It will be the biggest wind project ever built in Africa. The consortium will concentrate on the remaining project development phases, particularly the finance mobilization, which should be significant given the projected wind farm’s production capacity of 3,000 MW, once the first agreement has been reached.
The consortium’s successful initiatives in Ras Ghareb, which employs more than 170,000 people worldwide, will be built upon by the 3 GW project, the company claims. In addition, the consortium operates a 262.5 MW wind farm there, which will be commissioned in October 2019.
These facilities are being constructed as Egypt strives to establish itself as a major producer of hydrogen and its derivatives, such as ammonia and sustainable aviation fuel. With the help of renewable energy, this energy will be produced. In addition, hydrogen plants will be constructed in the Suez Canal Economic Zone thanks to recent private investment.