Four companies remain in bid for 250 MW wind farm in Gulf of Suez
Four companies remain in the running for developing the 250 MW wind farm in the Gulf of Suez. Vestas, Siemens, Enercon, and Ray Power were the remaining bidders after a consortium made up of Power China and Goldenwind was eliminated from the race, Al Borsa reports. The bidding companies are scheduled to submit their technical […]
Five companies prequalify for Gulf of Suez wind farm tender
Five companies have reportedly entered the race for the New and Renewable Energy Authority (NREA)’s 250 MW wind farm project in the Gulf of Suez, Al Borsa reports. Among the bidders are Vestas, Siemens, Enercon, Ray Power, and a consortium comprised of Power China and Goldenwind. 21 companies, including Lekela Power, Nordic Power, and Orascom […]
Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement
Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2.3 billion). The agreement could lead to as much as 2.2 gigawatt (GW) of orders, the Danish ministry of energy, utilities and […]
Siemens, Gamesa merge units to form world’s largest wind turbine maker
• Siemens will hold 59% of merged company; Gamesa gets dividend. • Companies have been in talks since the beginning of the year. Siemens AG and Gamesa Corp. Tecnologica SA agreed to combine their wind-turbine manufacturing businesses, creating a company that will dominate the industry and speed up consolidation triggered by competition and price pressures. […]
Forbes: Egypt continues diversification push with wind, gas efforts
After announcing a new solar push last week, Egypt will soon consider new wind and natural gas efforts as a part of a broader energy diversification push. Faced with energy uncertainty in recent years and growing demand from a population of more than 80 million, Egypt has moved to diversify its energy options with all […]
Egypt to sign $2.2bn wind farm deal with Danish Vestas in May
The Ministry of Electricity and Renewable Energy plans to sign a memorandum of understanding (MoU) with the Danish company Vestas to build a wind farm in May worth $2.2bn. A senior official in the ministry said Minister of Electricity Mohamed Shaker met with Denmark’s ambassador to Cairo and a number of officials from Vestas to […]
