Date: November 11
Cheops, Khafre and Micerinos are the three great pyramids that rise in Egypt, the legacy of the pharaohs. And 3 are also the GW that ENGIE will build through wind projects. On November 8, consortium partners Orascom Construction PLC, Toyota Tsusho Corporation and ENGIE signed a Memorandum of Understanding (MOU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to build and operate a new 3 GW wind farm in Egypt.
Fruit of the success of years ago
The new 3 GW wind project builds on the past success of 762.5 MW of the same technology in Egypt: The consortium completed the Ras Ghareb wind farm, the first Independent Power Producer (IPP) project in Egypt. Egyptian renewable energy of this type and size with a capacity of 262.5 MW, in 2019.
The eldest of ENGIE
On October 31, 2022, the construction of another 500 MW wind farm began. Also located on the shores of the Gulf of Suez, 40 km northwest of Ras Ghareb in Egypt, this project will be the largest onshore wind power plant in ENGIE’s portfolio once fully operational, by the end of August 2025. This The project will be able to supply renewable energy to more than 800,000 Egyptian homes. It will accelerate Egypt’s transition to renewable energy generation and reduce CO2 emissions by approximately 1,000,000 tons per year.
The consortium’s wind farms will significantly support Egypt’s decarbonization efforts and contribute to the country’s renewable energy generation goals of having 42% of electricity produced from renewable sources by 2030.
Paulo Almirante, ENGIE Senior Executive Vice President in charge of renewable activities, energy management and nuclear, comments that “this agreement with the Egyptian authorities for a 3 GW wind farm is based on our long-term local partnerships and the capacity of our consortium to deliver and operate the first Ras Ghareb wind farm. We at ENGIE are very committed to supporting projects that contribute to the production of local and sustainable energy, like the Egyptians”.