Massive 1.1GW Suez Wind Farm in Egypt Secures Funding, What’s Next?

Suez Wind Farm: Powering Egypt’s Renewable Energy Future

In the vast landscape of Egypt, where the timeless sands whisper stories of ancient civilizations, a new chapter is being written. The Suez Wind Farm, a monumental project spearheaded by ACWA Power and HAU Energy, is not just a symbol of progress but a beacon of hope for a greener tomorrow.

The Story So Far

Imagine a land where the winds dance with the sun-kissed dunes, where nature’s melody harmonizes with human ingenuity. The Suez Wind Farm stands tall, a testament to mankind’s commitment to sustainability. With an investment value of USD 1.2 billion, this project is not just about numbers but about making a difference.

A Vision for the Future

Egypt’s ambitious goal of reaching a 42% share of renewable energy by 2040 is no small feat. The Suez Wind Farm, with its 1.1GW capacity, is a crucial piece in this puzzle. By eliminating 1.1 million tonnes of carbon dioxide annually, this project is paving the way for a cleaner, brighter future for generations to come.

Unveiling the Power Within

With 138 turbines standing proud in the Gulf of Suez and the Gabal El-Zeit area, each reaching a height of about 210 meters, the Suez Wind Farm is a sight to behold. Divided into two phases, each with a capacity of 550MW, this project is a symphony of technology and nature working in perfect harmony.

The Review

As the turbines spin gracefully, harnessing the power of the wind, one cannot help but marvel at the sheer scale of this endeavor. From the financial close supported by a consortium of banks to the meticulous planning of each phase, the Suez Wind Farm is a masterpiece in the making.

Conclusion

In a world where the need for sustainable energy solutions is more pressing than ever, the Suez Wind Farm shines as a beacon of hope. As Egypt takes bold steps towards a greener future, this project stands as a testament to the power of human innovation and determination.

Frequently Asked Questions

1. What is the total investment value of the Suez Wind Farm project?
   • The Suez Wind Farm project has an overall investment value of USD 1.2 billion.
2. How many turbines are there in the Suez Wind Farm?
   • The project boasts a total of 138 turbines, each with a capacity of about 8MW.
3. When is the Suez Wind Farm expected to achieve full commercial operations?
   • The project is anticipated to achieve full commercial operations by Q2 2027.
4. What is the role of ACWA Power and HAU Energy in the project?
   • ACWA Power holds a 70% stake in the project, with HAU Energy owning the remaining 30%.
5. How much carbon dioxide will the Suez Wind Farm eliminate annually?
   • The project is set to eliminate 1.1 million tonnes of carbon dioxide annually.
6. Which banks are part of the consortium providing the senior debt facility for the project?
   • The project secured a USD 703.6 million senior debt facility from a consortium of banks, including EBRD, AFDB, and others.
7. Where is the Suez Wind Farm located?
   • The Suez Wind Farm is situated in the Gulf of Suez and the Gabal El-Zeit area.
8. What is the capacity of each turbine in the Suez Wind Farm?
   • Each turbine in the project has a capacity of about 8MW.
9. How does the Suez Wind Farm contribute to Egypt’s renewable energy goals?
   • The project plays a vital role in helping Egypt achieve its target of increasing the share of renewable energy to 42% by 2040.
10. Who are the key partners in the Suez Wind Farm project?
    • ACWA Power, Saudi Arabia, and HAU Energy, a subsidiary of Hassan Allam Utilities, are the key partners in the project.

      Tags: Suez Wind Farm, Renewable Energy, Sustainability, ACWA Power, HAU Energy, Egypt, Wind Farm, EBRD, AFDB