Wind Farm

Saudi Arabia's ACWA Power to establish 1.1GW wind farm in Egypt's Suez Gulf

Wed, 10 Jan 2024 - 11:25 GMT

The turbines that will be installed in the farm will be the highest in the Suez Gulf.

Egypt could be looking to up Actis’ offer on Gabal El Zeit wind farm

Wed, 16 Aug 2023 - 02:13 GMT

The government and Actis commenced discussions on the sale following an announcement by Minister of Planning and Economic Development Hala El Said last month

Egypt's PM witnesses signing of $680M financial closing agreement to establish wind farm in Gulf of Suez

Wed, 05 Apr 2023 - 03:17 GMT

The agreement was signed by representatives of the Red Sea Wind Energy Company and financing entities, the Japan Cooperation Bank and the European Bank for Reconstruction and Development (EBRD).

IFC could finance 500MW wind farm in Egypt by $83M

Mon, 07 Nov 2022 - 06:42 GMT

The financing is pending approval and would consist of a $75 million loan and interest rate swaps worth around $8 million, according to the IFC.

Egypt, UAE to establish wind farm with capacity of 10 GW

Wed, 06 Jul 2022 - 01:11 GMT

Minister of Electricity and Renewable Energy Mohamed Shaker stated Tuesday that the draft agreement has been finished.

Siemens begins operation of 250 megawatt wind farm in Egypt’s Suez Gulf

Thu, 02 Dec 2021 - 01:56 GMT

The German Company Siemens for Renewable Energy has announced the beginning of the operation of the wind farm in West Bakr area in Ras Ghareb in the Gulf of Suez with a capacity of 250 megawatts.

Egypt's PM attends signing of 2 agreements on setting up 500MW wind farm in Suez

Thu, 14 Oct 2021 - 11:04 GMT

Prime Minister Moustafa Madbouli attended the signing ceremony of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.

NREA inks €228 mln deal for wind farm in Gulf of Suez

Wed, 19 Aug 2020 - 07:55 GMT

The project, envisioned to be one of the largest wind farms in Egypt, will be carried out at an investment cost of €228 million, Shaker noted during the inking ceremony.

Protocol with UAE company to establish two solar, wind-operated power plants

Tue, 10 Dec 2019 - 02:07 GMT

The signing ceremony was attended by Minister of Electricity and Energy Mohamed Shaker and UAE ambassador in Cairo Gomaa Mubarak.

Egypt to sign contract with Siemens to build two wind stations

Wed, 16 Oct 2019 - 01:51 GMT

The source added that the Cabinet agreed to contract with Siemens Germany to implement those projects under the BOO system.

Egypt to achieve 20% renewable power in 2022: Lekela Power

Thu, 14 Feb 2019 - 12:32 GMT

Chief Executive Officer at Lekela Power, Chris Antonopoulos said that the agreement is a major milestone for delivering a 250MW wind farm to help achieve that goal.

PM attends signing of cooperation protocol on setting up wind farm

Wed, 13 Feb 2019 - 05:11 GMT

The inking ceremony was attended by Minister of Electricity Mohamed Shaker and Investment Minister Sahar Nasr along with British Ambassador in Cairo Geoffrey Adams.

Business News Wrap-up

Wed, 11 Apr 2018 - 05:19 GMT

A wrap-up of the most prominent business news of the day.

Parliament approves 6 development projects

Thu, 06 Jul 2017 - 08:41 GMT

Parliament approves 6 development projects in areas of power, sanitation, and culture.