In Egypt, Elsewedy Electric Company and Marubeni Corp. are looking to build two wind farms. Both farms are to have a 500 MW capacity, according to reports. The companies are currently negotiating for land with the New and Renewable Energy Authority (NREA).
The companies signed a MoU for the wind farms in March 2017. The plants will be built according to the build, own, operate framework.
After finalizing a decision on location, the companies will negotiate financing for the project.