24
Mon, Sep

Egypt licenses 1,420 MW of wind power generation

Industry Insights
Typography

Renewables now

Egypt has officially awarded electricity generation licences to four wind farms with a combined capacity of 1,420 MW, the Daily News Egypt reports.

The Egyptian electric utility and consumer protection regulatory agency (Egypt ERA) granted a 20-year power generation licence to the Gulf of Suez project, to be located in Ras Ghareb municipality, in Cairo’s Red Sea Governorate. The 250 MW wind farm already has a 20-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company and reached financial close in December 2017.

The wind farm’s 125  Siemens Gamesa turbines, model G97-2.1 MW, are due to be installed by July 2019 and commissioning is expected by the end of that year.

The companies behind project are Egyptian firm Orascom Construction Ltd (EGX:ORAS), with a 20% stake, and French utility Engie (EPA:ENGI) and Japan’s Toyota Tsusho Corp (TYO:8015) each with a 40% interest.

For full article: https://renewablesnow.com/news/egypt-licenses-1420-mw-of-wind-power-generation-601998/ 



Read full article on GWEC