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ENGIE Africa Consortium Starts Commercial Operation of Egypt Wind Farm

Power News - Published on Thu, 07 Nov 2019

Image Source: engie-africa
ENGIE Africa announced that construction and commissioning of the 262.5 MW Ras Ghareb wind farm in Egypt is complete 45 days ahead of schedule. The wind farm is now fully connected to the grid and is ready for commercial operation at maximum capacity. The project company, Ras Ghareb Wind Energy SAE is owned by ENGIE (40%) and its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction (20%). The wind farm is located near Ras Ghareb on the Gulf of SUEZ, an optimal site with about 60% of gross capacity factor. The energy is sold under a 20-year Power Purchase Agreement to the Egyptian Electricity Transmission Company. The total investment cost of the project is approximately USD 380 million.

Ras Ghareb Wind Energy is the first wind farm tendered on a Build-Own-Operate (BOO) scheme and is part of the Egyptian government’s drive to increase the share of renewables in the energy mix with a target wind generation capacity of 7 GW by 2022.

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Posted By : Yogender Pancholi on Thu, 07 Nov 2019
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