Cairo eyes role as clean energy exporter
Egypt starts to look beyond decarbonisation of its domestic power sector as investment in its renewables and emerging clean hydrogen sector gain momentum
While reaping record rewards from its gas exports, Cairo has also accelerated preparations this month to expand its emerging role as the Eastern Mediterranean’s clean energy hub. In mid-October, a consortium of France’s Engie, Japan’s Eurus Energy Holdings Corporation and the local Orascom Construction signed a 20-year agreement with state-owned Egyptian Electricity Transmission Company to develop a 500MW wind farm at Ras Ghareb, on the Gulf of Suez. The project is scheduled for completion in 2024. The trio had previously commissioned a 262.5MW facility nearby in 2019. Separately, Denmark’s Vestas and Amsterdam-based Lekela Power are also each developing 250MW plants in the same reliably win
Also in this section
23 October 2024
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters