Egypt: EIB to finance new Gulf of Suez wind farm


Issue 309 - 09 Oct 2015 | 1 minute read
A €115m loan for the New & Renewable Energy Authority (NREA) is under appraisal at the European Investment Bank (EIB) to finance a 200MW wind farm in the Gulf of Suez.The loan represents 31.9% of the total cost of the plant, estimated at €360m. The government aims to increase wind energy’s share of total generation capacity to 12% by 2020, and the NREA prequalified 28 wind power projects in January.

Tagged with:

Pin Power

Pin Egypt

Want to read more?

Small article

£4

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

Book your ticket here

The meeting is free for all AIX members and African Energy subscribers.