Vestas Plans to Install 2.2GW Wind Farm in Egypt

Vestas Plans to Install 2.2GW Wind Farm in Egypt

As a part of a broader energy diversification push in Egypt and after announcing a new solar push recently, Egypt will soon consider new wind and natural gas efforts, according to Bloomberg. In fact, this week, Denmark’s Vestas Wind Systems announced that it will present a request to install 2.2GW of wind capacity in Egypt, including a list of six financial institutions that will fund the projects.

Renewables See News wrote that London-based HSBC, EFK Denmark, Euler Hermes, IFU Denmark, Danida, and CDP Banco Standard will finance the wind farms. Meanwhile, Vestas will will equip, build and agree financing for the projects and transfer them to the government upon completion.

Vestas made a formal bid for the New and Renewable Energy Authority in June 2015 to establish wind farms in the area west of the Nile River, but the authority’s deals with Siemens delayed the agreement’s conclusion, Daily News Egypt further explained. The planned project will be built on an area of about 1,600 sqkm, and the study of wind speeds and bird migration as well as the topography of the land is expected to take 12 months.


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