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Tag: Wind Farm

Electricity Ministry freezes negotiations with Siemens over 2 GW wind farm

Posted: December 20, 2016 at 12:18 pm   /   Renewables

The Electricity Ministry has suspended talks with Siemens over a 2 GW wind farm due to the project’s high costs, Al Borsa reported. The Egyptian Electricity Transmission Company (EETC) had been looking to reprice the agreement it had made with Siemens during the Egypt Economic Development Conference and reduce the price per kWh down from […]

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Siemens to select company for turbine plant design & construction

Posted: September 20, 2016 at 4:07 pm   /   Electricity & Power, Renewables

In June, Siemens signed agreements worth €8bn for high-efficiency natural gas-fired power plants, wind power installations, says CEO of Siemens Egypt. Daily News Egypt interviewed Emad Ghaly, CEO of Siemens Egypt, to talk about the updates and progress of the company’s power plants in Egypt. What are the latest updates of your three power plants—Burullus, […]

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Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement

Posted: August 24, 2016 at 7:10 pm   /   Renewables

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 […]

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Siemens reportedly offers to build 10 GW wind farm, blade & turbine factory

Posted: August 5, 2016 at 9:44 pm   /   Renewables

Siemens has reportedly offered to build a 10 GW wind farm in an undisclosed location in Egypt, according to an unnamed source at the electricity ministry, Al Borsa reported. Siemens is also reportedly set to build a factory to produce blades and turbines for potential export, the source said, adding that the New and Renewable […]

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ACWA Power invests EGP 20 million in three renewable energy projects

Posted: July 14, 2016 at 3:50 pm   /   Renewables

Saudi’s ACWA Power has invested EGP 20 mn in three renewable energy projects in Egypt under the feed-in-tariff system, Regional Director Hassan Amin told Al Mal. The projects include two wind farms and a solar power plant each with a capacity of 50 MW, he added, and are located in Benban and Ras Gharib. The […]

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Siemens appoints Emad Ghaly as new Chief Executive Officer for Egypt

Posted: July 3, 2016 at 3:53 pm   /   Electricity & Power, Renewables

• Emad Ghaly to lead Siemens’ business into strategic growth areas in Egypt. • Maximilian Egger to retire after a 40-year career at Siemens. • Supporting Egypt’s sustainable development remains a key priority. Siemens has appointed Emad Ghaly as Chief Executive Officer of Siemens S.A.E. in Egypt, effective July 1, 2016. Based in Cairo, Ghaly […]

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Siemens, Gamesa merge units to form world’s largest wind turbine maker

Posted: June 20, 2016 at 4:46 pm   /   Renewables

• 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. […]

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EFG Hermes' Vortex Energy closes €550 million wind farm deal

Posted: June 19, 2016 at 9:08 pm   /   Renewables

Egypt’s EFG Hermes said on Thursday that its renewable energy platform, Vortex, had bought a 49 percent stake in an operational 664 MW portfolio of European wind assets from EDP Renovaveis for 550 million euro ($618.26 million). The deal doubled Vortex’s private equity assets under management to $1.1 billion, and took the group’s total to […]

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Forbes: Egypt continues diversification push with wind, gas efforts

Posted: June 2, 2016 at 1:56 pm   /   Oil & Gas, Renewables

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 […]

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Video: Reaching New Heights – Wind Power (Siemens)

Posted: June 2, 2016 at 1:27 pm   /   Renewables

Reaching new heights with the construction of the Siemens concrete wind turbine tower technology. http://sie.ag/1Rdixj4 (Source: Siemens AG)

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