ENGIE Africa and partners have commissioned the largest wind energy farm in Egypt.
The 262.5MW wind energy farm has been developed in partnership with Ras Ghareb Wind Energy, Toyota Tsusho/Eurus Energy Holdings and Orascom Construction in Ras Ghareb on the Gulf of Suez.
The $380 million wind energy farm is owned 40% by ENGIE Africa, 40% by Toyota Tsusho and the rest 20% by Orascom.
The plant has been completed 45 days ahead of scheduled and will provide energy to the Egyptian Electricity Transmission Company as part of a 20-year power purchase agreement.
The plant is considered the largest in Egypt and will help the country to achieve its goal of generating 7GW of the country’s energy from wind by 2022.
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Yoven Moorooven, the CEO of ENGIE Africa, said: “There is a huge potential for low-cost renewable energy in Africa. Ras Ghareb Wind Energy has been developed with a continuous focus on health and safety and is completely in line with ENGIE’s ambition in the zero-carbon transition. We are committed to applying the same standards with the same success for the adjacent 500 MW wind farm that is being developed by this consortium.”
The capital to fund the project has been sourced from the Japan Bank for International Corporation, Sumitomo Mitsui Banking Corporation and Société Générale.