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Tag: Wind Farm
EBRD wind

EBRD provides $252 million loan for 250 MW wind farm in Gulf of Suez

Posted: August 14, 2019 at 1:04 pm   /   Renewables

EBRD, IFC and OPIC providing US$ 252 million loan to a project company owned by Lekela Power BV Funds will finance 250MW wind farm in the Gulf of Suez Clean energy expected to reduce CO2 emissions by 550,000 tons per year The European Bank for Reconstruction and Development (EBRD) is stepping up its support for […]

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Wind Farm

Sisi inaugurates world’s largest wind farm at Gabal El-Zeit

Posted: July 24, 2018 at 8:10 pm   /   Renewables

Egyptian President Abdel Fattah al-Sisi on Tuesday has inaugurated a number of new electricity mega projects in the country, including the Gabal El-Zeit wind farm that is considered the largest in the world. Launched in 2015 in the Red Sea governorate, the Gabal El-Zeit wind farm has a total of 300 wind turbines with an […]

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Egypt signs contract for $400 mn Gulf of Suez wind farm

Posted: March 7, 2018 at 1:10 pm   /   Renewables

The project is expected to produce 250 MW of energy. The state-owned Egyptian Electricity Transmission Company on Tuesday signed an agreement with a Toyota-Engie-Orascom alliance to establish and develop a wind farm in the Gulf of Suez. The prime minister Sherif Ismail, the minister of electricity Mohammed Shaker, the minister of investment and international cooperation […]

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Masdar eyes investment opportunities in Egypt's wind energy sector

Posted: January 15, 2018 at 2:00 pm   /   Renewables

UAE clean energy firm Masdar is eyeing opportunities in “the burgeoning Egyptian wind sector,” CEO Mohamed Al Ramahi tells the National in an exclusive. The company is looking at a collaboration between Egyptian companies and Japan’s Marubeni to develop about 800 MW of wind projects across the country. “Basically we will put our portfolio together […]

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Siemens Gamesa lands 262 MW supply of wind turbines for Ras Ghareb farm

Posted: January 4, 2018 at 3:54 pm   /   Renewables

Siemens Gamesa nabs 262-MW order in Egypt Wind turbine manufacturer Siemens Gamesa Renewable Energy SA today announced a 262-MW order for the Gulf of Suez wind farm in Egypt. The order, signed in the final quarter of 2017, was secured from a consortium made up of French utility Engie, Japanese power companies Toyota Tsusho Corp […]

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Egypt to build MENA's largest wind farm in the Gulf of Suez

Posted: January 4, 2018 at 1:23 pm   /   Renewables

In an effort to boost renewable energy in Egypt and establish Egypt as a leading player in environmental development, the Ministry of Electricity and Renewable Energy initiated a 5 billion pounds project to build the largest wind farm in the Middle East, located in the Gulf of Suez, funding the project through investments of several […]

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Engie-Orascom-Toyota win contract for 250 MW wind farm in Ras Gharib

Posted: November 1, 2017 at 12:52 pm   /   Renewables

ENGIE wins renewable energy project in Egypt and will develop a 250 MW wind power park. ENGIE has signed a contract to build, own and operate (BOO) a 250 MW wind farm together with its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction Limited (20%).  The wind farm will be located […]

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wind power

Four companies remain in bid for 250 MW wind farm in Gulf of Suez

Posted: July 26, 2017 at 12:57 pm   /   Renewables

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 […]

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Five companies prequalify for Gulf of Suez wind farm tender

Posted: July 3, 2017 at 1:39 pm   /   Renewables

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 […]

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wind farm construction

Lekela Power nears contract finalization for $350m wind farm investment

Posted: May 10, 2017 at 2:28 pm   /   Renewables

Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private equity player Actis, will sign contracts for a USD 350 mn, 250 MW wind farm in the Gulf of Suez within two months, Actis Partner Sherif El Kholy says, according to Al Mal. Lekela’s website says it […]

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