Saudi private water desalination company ACWA Power has partnered with Egypt’s Hassan Allam Utilities for a land use agreement on a $1.5 billion wind power project in Egypt.
Secured for up to 25 years, the ACWA Power led consortium will help secure financing and find land for a massive new wind farm built across the Gulf of Suez and Gebel al-Zeit, in an ambitious project that aims to be a powerhouse of clean energy in both Egypt and the Middle East.
The wind farm will feature 220 meter tall turbines, powering up to 1,080,000 homes while eliminating 2.4 million tons of carbon dioxide from the atmosphere every year – playing a crucial role in providing a cleaner and more sustainable future.
These cutting-edge turbines will squeeze the most power out of the available land in a highly efficient project.
The agreement, signed with the the Egyptian New and Renewable Energy Authority (NREA), was held in the presence of Prime Minister of Egypt Mostafa Madbouly, Minister of Electricity and Renewable Energy of Egypt Mohamed Shaker, Excellency Minister Plenipotentiary Abdulrahman bin Salem Al Dahas and Deputy Ambassador of the Kingdom of Saudi Arabia in Cairo, Amjad Saeed.
The meeting also included the Legal Advisor to the Minister of Electricity, and Renewable Energy, Mohamed al-Khayat, Chairman of NREA Thomas Brostrom, CIO of ACWA Power Mohamed Hamdouch, VP – Business Development – Africa, and ACWA Power’s Country Director Hassan Amin – Egypt, CEO of Hassan Allam Holding Amr Allam, CEO of Hassan Allam Utilities Dalia Wahba, and Vice President of Operations at Hassan Allam Utilities.