Saudi-listed ACWA Power has signed an agreement with the New and Renewable Energy Authority (NREA) to allocate land for a 10-gigawatt wind project in Egypt.
The wind project is expected to generate about 50,000 gigawatt hours of clean energy annually and provide the Egyptian economy with $6.5 billion of savings in annual natural gas costs. It is expected to provide electricity to an estimated 11 million households and mitigate the impact of 25.5 million tonnes of carbon emissions each year.
The agreement allocates 3,000 square kilometers (1,158 square miles) of land west of the urban center of Sohag for the project.
Egypt’s Vision 2030 and the National Climate Strategy 2050 aims to mitigate the impact of climate change and achieve sustainable economic growth. The country seeks to increase renewable-energy capacity by as much as 42 percent by 2035.
ACWA Power has three other facilities in Egypt that are either in operation, under construction or in advan