Hassan Allam Utilities and ACWA Power signed a 25-year land use agreement with Egypt’s New and Renewable Energy Authority for a 1.1 GW Wind Energy project in Egypt. This project is set to be the largest of its kind for wind energy production in the Middle East and one of the largest onshore wind energy projects globally.
The consortium will work during the project’s development phase to complete site studies and secure project financing in the Gulf of Suez and Jabal Al-Zeit regions. Upon completion, the project will reduce 2.4 million tons of carbon dioxide