Gulf of Suez Wind Farm inaugurated
Egypt’s 262 MW wind farm in the Gulf of Suez, about 20 km off the coast of the Red Sea, has been inaugurated.
Image for illustration purposes.
Egypt, Cairo: Egypt’s 262 MW wind farm in the Gulf of Suez, about 20 km off the coast of the Red Sea, has been inaugurated. The project is a collaborative effort financed by the Federal Ministry for Economic Cooperation and Development (BMZ), the European Union (EU), the European Investment Bank (EIB), and the French Development Agency (AFD). The German Development Bank (KfW) played a key role as the lead financing agency. The total project financing amounts to €215 million ($233.2 million), including €3.1 million allocated for technical assistance, a concessional loan of €59 million from the German government through the German Development Bank, along with a grant of €30 million from the European Union, €94m from the EIB, and €41 million from the AFD.
The project’s 70 wind turbines are expected to generate approximately 1200 GWh of green electricity, covering the needs of around 400000 households annually while offsetting over 500000 tonnes of CO2 emissions. The project was designed to protect migratory birds during their migration period through a shutdown-on-demand protocol.
Germany’s support extends beyond this project and includes collaborations on the Zafarana Wind Farm (150 MW), the Gabal El Zayt Wind Farm (240 MW), the Zafarana Solar Photovoltaic Power Station (50 MW), and the rehabilitation and modernization of hydroelectric power stations in Egypt.
Source: Zawya
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