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Egypt Signs Off on 500MW Wind Farm with Engie

By Green Building Africa - Net Carbon Zero Buildings and Cities October 15, 2021 No Comments

Egyptian Prime Minister Mostafa Maboduli attends signing of 2 agreements on setting up 500MW wind farm in Suez. Image credit: Government of Egypt

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Egypt’s Prime Minister, Mr Moustafa Madbouli, this week signed off on the developemnt of a 500MW wind farm in the Gulf of Suez area.

The deal was signed late on Wednesday by the Electricity Ministry and a consortium comprising Orascom, France’s Engie and Japan’s Toyota Tsusho Corporation in the presence of Electricity Minister Mohamed Shaker, Japanese Ambassador to Egypt Masaki Noke and France’s deputy ambassador to Egypt.

The project is in line with the country’s strategy to produce 42% of electricity from renewable sources by 2035. The Egyptian Electricity Transmission Company (EETC) will buy the electricity produced from the project.

The total investment cost of the project is estimated at 600 million dollars and it is expected to become operational in 2024. The project is expected to provide 1,100 direct jobs in addition to many other indirect jobs related to supplies and services.

Related news: Egypt is home to the biggest solar complex in Africa – 1650MW Benban

Author: Bryan Groenendaal

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Green Building Africa - Net Carbon Zero Buildings and Cities

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.