ENGIE is expanding its wind farm project in Ras Ghareb, Egypt. The project, located along the Gulf of Suez, will be the largest wind farm in Africa. The expansion increases the facility’s capacity from 500 MW to 650 MW. This reinforces ENGIE’s commitment to renewable energy in Africa and the Middle East.
Strategic Expansion
The project is a partnership with several companies. These include Orascom Construction and Toyota Tsusho Corporation. ENGIE signed a long-term agreement with the Egyptian Electricity Transmission Company (EETC). This ensures revenue for the additional 150 MW. It guarantees income for the full 650 MW capacity over 25 years.
The expansion received financing similar to the original project. Funding comes from multiple institutions. This includes the Japan Bank for International Cooperation (JBIC).
Impact on Egypt’s Renewable Energy Goals
ENGIE has connected 306 MW to Egypt’s national grid. This is ahead of schedule. Full operation of the wind farm is expected by the third quarter of 2025. The wind farm will help Egypt meet its renewable energy target. The goal is 42% of electricity generation from renewable sources by 2030.
The project will reduce CO₂ emissions significantly. It will provide renewable energy to power over 1 million homes. This expansion follows a previous wind farm project. ENGIE’s total wind power capacity in Egypt now reaches 912.5 MW.
Leave a Reply
You must be logged in to post a comment.