Egypt has signed an influence buy settlement (PPA) with UAE-based Alcazar Power for a brand new 407MW wind farm at Zafarana, on the nation’s Purple Sea. It provides additional momentum to Cairo’s plans to greater than triple put in renewable vitality capability by the top of the last decade (MEES, 24 July).
The settlement was signed between the Egyptian Electrical energy Transmission Firm (EETC) and Alcazar Power, underneath which EETC will buy electrical energy generated by the venture via a long-term offtake settlement. The $420mn wind farm is scheduled to start out industrial operations in 2028. Alcazar mentioned the venture “underscores our long-term dedication to Egypt’s clear vitality ambitions” and displays confidence within the nation’s funding surroundings. (CONTINUED – 168 WORDS)
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