Egypt will produce 42% of its electricity from renewable resources by 2025, the Minister of Electricity and Mineral Resources, Mohamed Shaker, announced, according to Bloomberg.
The government has announced a series of investments in its Benban Solar Park, which is projected, upon completion, to be the largest in the world.
The government is also expanding its wind-power sector.
The ministry is expecting bids for 600 megawatts (MW) of wind power, the minister said, Bloomberg reports.
The Egyptian Electricity Transmission Company (EETC) has additionally signed a power purchase agreement (PPA) with Lekala Power Company and the Ministry of Electricity Mineral Resources. Per the terms of the agreement, Lekala will build a 250 MW wind farm in the Gulf of Suez, Amwal Al Ghad reports.
The wind farm will be built approximately 30 kilometers northwest of Ras Ghareb and will be developed according to the build, own, operate (BOO) framework, according to the newspaper.