A consortium comprising ENGIE, Orascom Construction and Toyota Tsusho has signed a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) to develop a 3GW wind farm in Egypt.
Under the terms of the MoU, the consortium will build, own and operate the project. Previously, the consortium completed the 262.5MW Ras Ghareb wind farm in Egypt, which is said to be the country’s first renewable energy independent power producer (IPP) project of its kind and size.
The partnership recently broke ground on a 500MW wind farm, situated on the shores of the Gulf of Suez, 40km north west of Ras Ghareb in Egypt. The 500MW project is expected to produce renewable energy to power over 800,000 Egyptian households, while reducing carbon dioxide emissions by nearly 1,000,000 tons annually.
The new wind farm along with the consortium’s earlier projects will contribute to the country’s decarbonisation efforts. The projects will also support Egypt’s renewable power goals of producing 42% of electricity from renewable sources by 2030.
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