Throughout its weekly assembly, the Cupboard authorized the implementation of an about 869-megawatt (MW) wind energy challenge by the worldwide renewable vitality firm, Voltalia, in response to a Cupboard assertion.
The challenge shall be developed on land allotted by the New and Renewable Power Authority (NREA). Underneath the settlement, Voltalia will make investments $53 million and is dedicated to beginning the challenge’s industrial operation by December 2028. The corporate may also proceed with all obligatory procedures and implementation steps to make sure the challenge’s well timed execution.
Voltalia has been current in Egypt since 2017 and has not too long ago pursued main renewable vitality tasks with TAQA Arabia, together with a Memorandum of Understanding (MoU) signed to repower the ageing Zafarana wind farm with a 3.2 GW wind-solar energy plant (1.1 GW wind + 2.1 GW photo voltaic) anticipated to be first commissioned in 2028. In July 2024, in addition they signed a framework settlement for a inexperienced hydrogen cluster at Ain Sokhna involving a 500 MW electrolyzer powered by 1.3 GW of photo voltaic and wind capability, with whole funding as much as $3.4 billion and two phases every producing 350,000 tons of inexperienced ammonia yearly (t/y).
