The Egyptian Ministry of Electricity and Renewable Energy aims to boost the country’s electrical capacity by 750 megawatts with two new wind and solar energy projects by October 2024.
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
The first project, a wind energy initiative, will be inaugurated in August and will have a capacity of 250 megawatts. It is being implemented by a partnership between Orascom Construction, Toyota, and Engie in the Gulf of Suez region near Ras Gharib.
The wind energy project will be connected to the national electricity grid upon its addition in August.
The second project involves a solar energy station with a capacity of 500 megawatts. This project is being carried out by the Emirati company Al Nowais in the Kom Ombo area of Aswan Governorate. The solar energy station is expected to become operational by October.
The official also noted that the implementation progress of the solar energy station in Kom Ombo has surpassed 75 percent.
The Egyptian government has agreed to buy the energy produced by both projects under the arrangement.
