ACWA Power Company has signed a MoU with the New and Renewable Energy Authority (NREA) to allot land for a 10 GW wind plant in Egypt. A news statement states that the wind farm will spare Egypt’s economy $6.50 billion in annual natural gas costs. As well as provide up to 120,000 job opportunities.
There are three additional ACWA Power plants in Egypt, including the 1.1 GW Suez wind energy project. As well as a 200MW solar facility in Kom Ombo, and a megawatt (MW) solar photovoltaic (PV) project in Benban.
According to Mohamed Shaker El-Marqabi, Egypt’s minister of electricity and renewable energt, the Arab Republic adopted an ambitious program to progress the electrical industry in many domains, which includes maximizing the use of new and renewable energy resources.
Size of the proposed 10 GW wind plant in Egypt
According to the agreement, the project will be built on territory that is around 3,000 square kilometers, west of Sohag. According to projections, it will produce about 50,000 gigawatt-hours (GWh) of clean energy annually. Which will be enough to power 11 million homes and offset the effects of 25.50 million tonnes of carbon emissions.
Mohamed Shaker El-Marqabi said, “The plan encourages investment in these fields to enable energy independence from fossil fuels. As well as continuing to reduce carbon emissions. And increasing renewable energy capacity in the energy mix up to 42% by 2035.”
He added, “This focus is also consistent with Egypt’s Vision 2030 and the National Climate Strategy 2050. In order to mitigate the effects of climate change issues and achieve sustainable economic growth.”
Marco Arcelli, CEO of ACWA Power, said, “In line with ACWA Power’s goal for a sustainable world, we are committed to utilizing the enormous potential of wind energy to boost employment, cut emissions, and ensure Egypt has a more enviable future.