ACWA Power granted wind plant land
Egypt grants land to ACWA Power for a large wind plant.
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Egypt, El Alamein: Egypt grants land to ACWA Power for a large wind plant.
ACWA Power, the Saudi power and water development company, signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) of Egypt to allocate land for a 10 GW wind project in Egypt.
Approximately 3,000 km2 of land west of Sohag has been allocated for the project. The wind project is expected to generate around 50,000 GWh of clean energy every year, providing electricity to approx. 11 M households.
This MoU marks the next step in the development of this large-scale renewable energy facility. “Today’s signing furthers our commitment to driving sustainable development and powering Egypt’s future with clean, reliable, and renewable energy,” said Marco Arcelli, Chief Executive Officer of ACWA Power.
The 10 GW wind power plant is expected to provide the Egyptian economy with $6.5 B savings in annual natural gas costs, in addition to creating up to 120,000 job opportunities.
Source: Energy&Utilities
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