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Transactions - AUGUST 31, 2023

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Egypt signs deal for 3GW wind farm project in West Sohag

by Released

The Egyptian New and Renewable Energy Authority (NREA) has signed a land allocation agreement with a consortium comprised Orascom Construction PLC, ENGIE, and Toyota Tsusho Corporation to establish a three-gigawatt wind farm in west Sohag, a city on the west bank of the Nile in Egypt.

The project aims to build, own, and operate a wind farm on an area of about 852 square kilometers (210,534 acres) of land, which will provide clean and sustainable energy to about two million Egyptian homes.

The project has the potential to reduce carbon dioxide emissions by 6.5 million metric tons annually and create 7,000 job opportunities.

 

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