Sovereign Fund of Egypt joins ACWA Power as co-investor of 1.1 GW Wind Energy project in the Suez Gulf Area
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today signed a memorandum of Understanding (MoU) with The Sovereign Fund of Egypt (TSFE) to explore a joint investment in the 1.1 GW Wind Energy project, located in the Gulf of Suez in Egypt. The MoU […]
Orascom Construction Consortium Signs MOU to Develop a 3 GW Build-Own-Operate Wind Farm in Egypt
Orascom Construction PLC announces that its consortium with ENGIE (France) and Toyota Tsusho Corporation (Japan) has signed a Memorandum of Understanding (MOU) with the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) to build, own and operate (BOO) a 3 GW wind farm in Egypt. Orascom Construction would have an […]
ACWA Power set to explore bringing on Oman Investment Authority as co-investor for 1.1GW Suez Wind Energy project
The signing was attended by His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia OIA will own up to 10% stake in the wind farm project Egypt’s Hassan Allam Holdings is a 25% co-investor ACWA Power will hold the remaining share in the facility US$1.5 billion project expected to […]
ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn
The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East. Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to Egypt. Project marks ACWA Power’s expansion in the country to three projects. ACWA Power, a leading Saudi developer, investor […]
Lekela exploring potential green hydrogen, desalination projects
Lekela could branch out into green hydrogen + desalination: Renewables player Lekela Power is “actively exploring” potential green hydrogen and renewables-powered water desalination investment prospects with the government and the private sector, general manager for Egypt Faisal Issa told Enterprise. Spanish and British investors have expressed interest in working with Lekela on the desalination projects, he […]
Lekela celebrates commercial operation of Egypt’s West Bakr Wind Farm
The Minister of Electricity and Renewable Energy and the Chargé d’Affaires at the British Embassy in Cairo attend the event. Lekela now has over 1,000MW in operation, plus its development pipeline. Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today celebrated commercial operation of its 252MW West Bakr Wind farm in Egypt. Three months after the official start […]
ACWA Power in advanced talks with SFE over 250MW wind farm in Gulf of Suez
ACWA Power and the sovereign wealth fund eye a new Suez wind farm: Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW wind farm in the Gulf of Suez, Al Borsa reports, citing unnamed sources who claimed a contract could be signed within weeks. […]
Hitachi Energy to connect Gulf of Suez wind farm with Egypt’s national power grid
The solution will help the country meet its renewable energy targets advancing a sustainable energy future for all. Hitachi Energy is delivering to Vestas, the world’s leading supplier of wind turbines1 and engineering, procurement and construction (EPC) contractor a grid integration solution to connect the 250 megawatt Gulf of Suez 1 wind farm in Egypt, owned by the […]
Lekela reaches Commercial Operation of 250MW West Bakr Wind Farm
Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today celebrates a landmark moment as it reaches commercial operation of its West Bakr Wind farm in Egypt. The project has taken less than two years to build since construction work started on site in February 2020. Comprising 96 turbines, installed by Siemens […]
Orascom Construction Consortium to Develop a 500 MW Build-Own-Operate Wind Farm in Egypt
Orascom Construction PLC announces that its consortium with Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (Japan) and ENGIE (France) has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb, Egypt for 20 years. Orascom Construction will have a 25% stake in the […]
