Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

Largest Operating Renewable Projects in Egypt

Egypt plans to generate 42% of its electricity using renewable energy sources by 2035 and 60% by 2040.
30.07.23 | Source: Energy Capital Power





Egypt plans to generate 42% of its electricity using renewable energy sources by 2035 and 60% by 2040. The majority of this capacity is projected to be provided by the private sector, with several major projects contributing to supply.  


Benban Solar Park: 1.8 GW


The 1.8 GW Benban project, Africa’s largest solar park, is located near Aswan in Egypt. The 37km2 park has been connected to Egypt’s National Grid since 2019 and was developed in line the Egyptian New and Renewable Energy Authority’s agenda. 


 








The project comprises 41 solar power plants and was built to the tune of $4 billion by 30 companies.


Gabal Al-Zait: 580 MW Wind Farm


The 100km2 Gabal Al-Zait wind farm is located near Ras Gharib and has a total capacity of 580 MW. The 300-turbine wind farm was built by Spanish corporation Gamesa before it merged with Germany’s Siemens. With construction starting in 2015, the European Union and Germany have contributed to the project’s total cost of €340 million.


Gabal Al-Zait was included in the list of 32 companies and assets earmarked for privatization announced by the government in 2023. It has garnered interest from private equity giant Actis which threw its hat in the ring to acquire the farm in July 2023.


Zafarana: 545 MW Wind Farm


The state-owned Zafarana wind farm is located in Suez and was built in eight phases between 2000 and 2010, making it one of Egypt’s first wind farms. The farm is 120km2 in size and boasts 700 turbines with a combined capacity of 545 MW. The €110 million wind farm was supported by soft loans from Denmark, Spain, Japan and Germany. The project is linked to the New and Renewable Energy Authority, the government institution responsible for the promotion and development of renewable energy projects in Egypt.



continue reading at Energy Capital Power
FREE NEWSLETTER