A consortium of Engie, Toyota Tsusho Corp, Eurus Energy Holdings Corp and Orascom Construction is to build a 500MW wind farm at Ras Ghareb in Egypt.
A deal to develop the project was signed with the Egyptian Electricity Transmission Company, which will buy power from the wind farm, and the New & Renewable Energy Authority, which owns the land.
Financial close is expected in the third or fourth quarter of 2019, after which construction will start.
The consortium is already developing a 250MW wind farm in the country, which is under construction and expected to be commissioned in the second half of 2019.
Image: Pixabay
Engie team eyes Egypt wind giant
By EBS