Egypt signs $1.5 B wind energy deal with ACWA Power consortium
A consortium led by Saudi-listed ACWA Power has signed a $1.5 billion wind energy agreement with the Egyptian government.
Image for illustration purposes.
Egypt, Cairo: A consortium led by Saudi-listed ACWA Power has signed a $1.5 billion wind energy agreement with the Egyptian government.
As announced by Egypt’s cabinet office on January 10, the deal includes the development of a 1.1 GW wind energy project in the Gulf of Suez and Jabal El Zayt regions. This wind project is set to utilise the latest wind turbine technologies, with a height of approximately 220 meters. This will make them the tallest in the Gulf of Suez area.
It has been reported that the project is expected to result in an annual reduction of 2.4 million tonnes of carbon dioxide emissions. It will also create 6000 direct and indirect job opportunities.
Source: Utilities Middle East