ACWA Power-led consortium to develop & operate $1.5bn wind project in Egypt

ACWA Power-led consortium to develop & operate $1.5bn wind project in Egypt

Saudi Arabia-based power plant developer ACWA Power will develop and operate a 1.1GW wind project in Egypt at an investment value of $1.5 billion.

The ACWA Power-led consortium, comprising Hassan Allam Holding, will work together during the development phase to complete the site studies and secure the financing of this facility.

Located in the Gulf of Suez and Gabal el Zeit area, this wind project is the largest single contracted wind farm in the Middle East region and one of the largest onshore wind farms in the world.

The company said that “the project will be designed to use state-of-art wind turbines with blade heights of up to 220 meters, which helps in achieving the best use of the designated land plots in the most efficient way.”

When complete, the project will mitigate the impact of 2.4 million tons of carbon dioxide emissions per year and provide electricity to 1,080,000 households.

Dr. Mohamed Shaker El-Markabi, Egypt’s Ministry of Electricity and Renewable Energy, said that, “The 1.1GW wind project confirms Egypt’s commitment to spearheading the use of renewable energy sources to reduce the impact of carbon emissions produced by conventional energy sources, as Egypt gears up to host the United Nations Climate Conference (COP 27) in