Engie 500MW Egypt wind project receives environmental permit

29 Nov 2020
Engie 500MW Egypt wind project receives environmental permit

A 500MW wind energy project to be developed by France’s Engie, in partnership with the local Orascom Construction, Japan’s Toyota Tsusho Corporation and Eurus Energy Holdings, has received the environmental permit to proceed

A 500MW wind energy project to be developed by France’s Engie, in partnership with the local Orascom Construction, Japan’s Toyota Tsusho Corporation and Eurus Energy Holdings, has received the environmental permit to proceed.

Construction of the project is due to begin in 2021 following the signing of the final project documents and financial closure of the planned independent power project (IPP).

The project will be the second wind scheme that the consortium has developed in Egypt.

In October 2019, the consortium commissioned the 262.5MW Ras Ghareb wind project in Egypt, the first wind project to be tendered under a build-own-operate (BOO) model in the country.

The project company, Ras Ghareb Wind Energy, is 40 per cent owned by Engie and Toyota Tsuhso corporation and 20 per cent by Orascom Construction. The total investment in the wind scheme was approximately $380m.

Egypt has set targets for renewable energy to contribute 20 per cent and 42 per cent of total energy produced by 2022 and 2035 respectively.

Egypt has made impressive progress in increasing its renewable energy capacity in recent years. As of 2018, Egypt had installed wind and solar capacities of 1,125MW and 770MW. Egypt’s installed solar capacity significantly increased in 2019 following the commissioning of 1.4GW of projects under its feed-in-tariff (FIT) programme.

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