Egypt, Vestas sign agreement for 250 MW wind farm in Gulf of Suez
Egypt, Vestas-led intl group agree to build 250-MW wind farm Egypt’s New and Renewable Energy Authority (NREA) and an Italian-French-Chilean alliance led by Danish turbine maker Vestas Wind Systems A/S have signed an agreement to realise a 250-MW wind project in the Gulf of Suez. Involving an investment of around EUR 228 million (USD 270.2m), […]
Denmark’s Vestas to sign agreement for 250 MW Ras Ghareb Wind Plant
The New and Renewable Energy Authority (NREA) is set to sign today a final contract with Denmark’s Vestas to establish a EUR 260, 250 MW wind power plant in Ras Ghareb, the local press reports, citing unnamed sources. The NREA had awarded the tender to Vestas back in February. The German Development Bank (KfW) and […]
EBRD to provide $50m long-term loan for Egypt’s Ras Ghareb wind plant
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez: The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, […]
Lekela Power plans directing “most” of its investments to Egypt
Actis-backed Lekela Power is planning to funnel “most” of its investments in the coming period to Egypt, Lekela Egypt General Director Faisal Essa said last week, according to a cabinet statement. The renewable energy company plans to implement projects with a combined capacity of 500 MW in the country, Essa said, without providing details on […]
Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt
Work has now started on the West Bakr wind project site in Ras Ghareb, Egypt. The 250 MW project is being developed by Lekela, an Independent Power Producer (IPP). Construction of the West Bakr wind project is currently underway. Work has recently been launched at a ceremony attended by several Egyptian officials, including the Minister […]
Vestas awarded tender for Egypt’s Ras Ghareb 250 MW wind plant
The New and Renewable Energy Authority (NREA) has awarded the tender to build Lekela Egypt’s EUR 260 mn, 250 MW wind plant in Ras Ghareb to Danish firm Vestas, sources in the Electricity Ministry told Al Mal. The final contract is expected to be signed this month after the NREA agrees terms with the company. […]
Egypt’s NREA reviews Vestas’ bid for 250 MW Ras Ghareb wind plant
The New and Renewable Energy Authority (NREA) is reviewing the offer Denmark’s Vestas submitted in the tender to build a 250 MW wind energy plant in Ras Ghareb, and will make a decision within weeks, sources told the local press. Vestas is currently the only company bidding for the contract, after other bidders had either […]
Engie, Orascom inaugurate Egypt’s largest wind farm at Ras Ghareb
ENGIE and its consortium partners inaugurated today the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm. Ras Ghareb project started commercial operation in October 2019, 6 weeks ahead of schedule. It is the first wind farm tendered on a Build-Own-Operate (BOO) scheme in the country and is part of the […]
Orascom announces full commercial operation of Ras Ghareb Wind Farm
Orascom Construction Announces the Full Commercial Operation of Egypt’s Largest Renewable Energy Project Ahead of Schedule. Orascom Construction PLC announces that construction and commissioning at Ras Ghareb Wind Energy project in Egypt is complete 45 days ahead of schedule. With this milestone in place, the wind farm has been fully connected to the grid and […]
Toyota-OC-Engie alliance begins trial run at 250 MW Ras Ghareb wind farm
A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation began trial runs on its 250 MW wind farm in Ras Ghareb, sources in the New and Renewable Energy Authority (NREA) told the local press. The sources said that testing began two weeks ago, with full commercial operation expected to begin before the […]
