The Egyptian Electricity Transmission Co. (EETC) has signed a contract with an international consortium to develop a 500-megawatt wind independent power project (IPP) in the Ras Ghareb area of the Gulf of Suez, Egypt.
The consortium includes local Orascom Construction, France’s Engie, Japan’s Toyota Tsusho Corp. and Erus Energy Holdings Corp.
The 500-megawatt wind farm complements the consortium’s existing 250-megawatt project currently under construction and ahead of schedule, which is expected to be commissioned in the second half of next year.
Egypt has set targets for renewable energy to contribute 20 and 35 percent of total energy produced by 2022 and 2035, respectively.
