Egypt signs $1.5bn energy agreement with ACWA Power
Egypt expects the wind turbine project developed in collaboration with ACWA Power to save about 840,000 tonnes of fuel each year.
12 January 2024
12 January 2024
Egypt expects the wind turbine project developed in collaboration with ACWA Power to save about 840,000 tonnes of fuel each year.
The growth in low-carbon technologies is still falling far behind government targets.
The portfolio includes three solar farms and one repowered wind farm.
The projects will entail an investment of Rs700bn ($9.4bn).
Two Fortune 100 companies have committed to purchasing renewable energy credits from the project.
First Solar will produce its Series 7 photovoltaic (PV) modules based on tellurium semiconductor technology at the new facility.
The planned factory will produce blades for Vestas’ V236-15.0 MW offshore wind turbine and will create 1,000 jobs.
The government has renewed its push for nuclear in a new road map report.
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