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Tag: Wind Farm

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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Lekela Power to begin Banban plant construction in October with $90 million investments

Posted: May 11, 2016 at 7:46 pm   /   Renewables

The company has put forward a competitive tender between five or six international entities. Lekela Power will begin construction of a solar energy plant with a 50MW capacity in Banban, Aswan with $90m investments. Construction will begin in October and is expected to be completed after nine months, CEO Chris Antonopoulos said. Two wind power […]

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ENGIE to invest $490 million in two solar and wind energy projects

Posted: May 5, 2016 at 8:01 pm   /   Renewables

ENGIE, the French energy company, is planning to set up two plants for generating  power from sun and wind in Egypt, with $ 490 million investments, according to the company’s Regional Director for North Africa Amin Homan Lodi. Lodi told Al-Mal newspaper that the 110 million dollars first plant is due to be completed in […]

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Siemens starts training of 600 Egyptian engineers and technicians

Posted: May 2, 2016 at 7:21 pm   /   Electricity & Power

• Focus on developing local talents • Building up of competencies for plants’ operation and maintenance in Egypt • The first group of technicians will also have training sessions in Germany Siemens has kicked off the first batch of the company’s commitment to train 600 Egyptian engineers and technicians – in collaboration with the Egyptian […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

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Egypt to sign $2.2bn wind farm deal with Danish Vestas in May

Posted: April 8, 2016 at 7:50 pm   /   Renewables

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 […]

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