Egypt wind power project agreement
Egypt and Scatec enter into a land agreement for the big 5 GW wind power project in West Sohag.
Image for illustration purposes.
Egypt, Cairo: Egypt and Scatec enter into a land agreement for the big 5 GW wind power project in West Sohag.
The Egyptian Ministry of Electricity and Renewable Energy, represented by the New and Renewable Energy Authority (NREA), and the Norwegian company Scatec, signed an agreement to allocate land for construction of a wind power plant with an annual production capacity of 5 GW, in West Sohag, at an investment cost of $5 B.
The agreement was signed by Dr. Mohamed El-Khayyat, CEO of the New and Renewable Energy Authority, and Terje Pilskog, CEO of the Norwegian company Scatec.
The project contributes to Egypt’s goal of renewable energy making up 42 % of the country’s energy mix by 2030.
Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, referred to the comparative advantages of Egypt with regard to providing the lands necessary to produce a huge volume of electricity from renewable energies, as well as Egypt’s geographical location, which enables it to export green energy to Europe.
“The plant, to be established in the West Sohag region, will be one of the largest wind stations in Egypt and Africa, and will contribute to achieving the Egyptian government’s goals of doubling the percentage of renewable energies in the energy mix,” said Terje Belskog, CEO of Scatec.
“This project will be one of the first wind projects to be implemented in southern Egypt, after it was usual that wind energy projects were implemented in locations on Red Sea coast,” says Engineer Mohamed Salim Salman, an expert in new and renewable energy projects.
Salman says that the project is in the interest of clean electric energy production projects, especially in light of the increasing demand for energy exports from Egypt to Europe, especially clean energy.
Source: Energy&Utilities
#clean energy#NREA#renewable energy#Scatec#wind power project