The Egyptian Electricity Transmission Company (EETC) has signed an agreement with Siemens Gamesa Renewable Energy to establish a 500 MW wind power plant in the Gulf of Suez.
The signing ceremony took place in the presence of Prime Minister Moustafa Madbouly and Minister of Electricity and Renewable Energy Mahmoud Esmat, marking a significant step in Egypt’s renewable energy expansion strategy.
Under the agreement, Siemens Gamesa will be responsible for developing, financing, and operating the wind power plant.
The project is expected to play a crucial role in increasing the share of renewable energy in Egypt’s electricity mix, directly contributing to the country’s clean energy targets.
As part of Egypt’s broader renewable energy transition plan, the government aims to achieve 42% renewable energy by 2030 and 65% by 2040.
The initiative is also aligned with national efforts to reduce reliance on fossil fuels, cut carbon emissions, and accelerate the transition to clean energy sources.
Minister Mahmoud Esmat emphasized that the project aligns with the government’s vision to develop the renewable energy sector, optimize the use of natural resources, and lower carbon emissions.
He commended Siemens Gamesa as a key strategic partner in Egypt’s electricity projects, particularly in the field of renewable energy, and expressed enthusiasm for further collaboration on clean energy initiatives.
Esmat further highlighted that renewable energy is essential for sustainable development, environmental protection, and securing a better future for upcoming generations.
This vision aligns with the United Nations Sustainable Development Goals (SDGs), particularly Goal 7, which aims to provide affordable, reliable, and sustainable energy for all.
He also underscored Egypt’s position as a leader in the Middle East’s renewable energy sector, with some of the region’s largest clean energy projects being developed through strong public-private sector cooperation.
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