Amea Power, an independent power producer based in the United Arab Emirates, is steadily advancing its Amunet wind farm project in the Gulf of Suez, Egypt, having recently completed the installation of the first wind turbine.
Anticipated to become a pivotal component of Egypt’s energy transition, the wind farm is poised to deliver up to 500 megawatts of clean electricity to the national grid.
As the global energy landscape shifts towards green and low-carbon alternatives, Egypt is accelerating its pace towards energy transformation. Independent power producers (IPPs) like Amea Power are playing a crucial role in this transition, making significant strides in Egypt’s energy sector through large-scale investments.
Amea Power’s Amunet wind project in Ras Ghareb, Egypt, epitomizes this strategic transition. It has successfully installed the first wind turbine on-site and plans to complete the installation of the remaining 70 turbines in the coming months. The project aims to supply 500 megawatts of power to the Egyptian national grid, adding a green touch to Egypt’s energy mix.
Of notable importance is the robust support provided by Chinese EPC contractors and suppliers for the successful implementation of this wind farm project. China PowerEast Electric Power Design Institute undertook the design, procurement, and construction (EPC) tasks for the wind farm, showcasing China’s professional capabilities and international competitiveness in the field of renewable energy.
Furthermore, Chinese supplier Envision Energy played a crucial role by providing key equipment support for the project. The company was responsible for installing EN-171 wind turbines, each with a capacity of up to 6.5 megawatts. These efficient and reliable wind power generation equipment will ensure the stable operation of the wind farm.
According to Amea Power, the total investment in this wind farm project amounts to $709 million, with 80% of the funds to be secured through debt financing provided by international financial institutions. This includes a $95 million funding support from the International Finance Corporation (IFC), a subsidiary of the World Bank Group.
This clean energy project is not only expected to bring significant economic benefits to Egypt, producing 2.3 million kilowatt-hours of electricity annually, enough to meet the needs of at least 800,000 Egyptian households, but also effectively reduce 1 million tons of carbon dioxide emissions, positively impacting environmental conservation.
However, as the wind farm project progresses, concerns about its potential impact on local wildlife have also arisen. In the future, striking a balance between ensuring energy supply and achieving ecological conservation and sustainable development will be a challenge that Egypt and all stakeholders involved will need to address together.
Amea Power’s initiation of the Ras Ghareb 500MW wind farm construction project in Egypt not only marks a significant milestone in Egypt’s energy transition but also showcases China’s technological prowess and international influence in the field of renewable energy. As the project advances further, it is believed to contribute more to Egypt’s and the world’s energy transition and green development efforts.
Egypt’s 500MW Wind Power Project Initiated with Vital Roles Played by China Power East Electric Power Design Institute and Envision Energy
Amea Power, an independent power producer based in the United Arab Emirates, is steadily advancing its Amunet wind farm project in the Gulf of Suez, Egypt, having recently completed the installation of the first wind turbine.
Anticipated to become a pivotal component of Egypt’s energy transition, the wind farm is poised to deliver up to 500 megawatts of clean electricity to the national grid. This article, part of the “Egyptian Business Chronicles” series by the Sino-Arab Industrial Research Institute, delves into the industrial policies, regulations, trends, market demands, competitive landscape, and potential trade opportunities in the realm of Sino-Arab investments, trade, and engineering construction.
As the global energy landscape shifts towards green and low-carbon alternatives, Egypt is accelerating its pace towards energy transformation. Independent power producers (IPPs) like Amea Power are playing a crucial role in this transition, making significant strides in Egypt’s energy sector through large-scale investments.
Amea Power’s Amunet wind project in Ras Ghareb, Egypt, epitomizes this strategic transition. It has successfully installed the first wind turbine on-site and plans to complete the installation of the remaining 70 turbines in the coming months. The project aims to supply 500 megawatts of power to the Egyptian national grid, adding a green touch to Egypt’s energy mix.
Of notable importance is the robust support provided by Chinese EPC contractors and suppliers for the successful implementation of this wind farm project. China PowerEast Electric Power Design Institute undertook the design, procurement, and construction (EPC) tasks for the wind farm, showcasing China’s professional capabilities and international competitiveness in the field of renewable energy.
Furthermore, Chinese supplier Envision Energy played a crucial role by providing key equipment support for the project. The company was responsible for installing EN-171 wind turbines, each with a capacity of up to 6.5 megawatts. These efficient and reliable wind power generation equipment will ensure the stable operation of the wind farm.
According to Amea Power, the total investment in this wind farm project amounts to $709 million, with 80% of the funds to be secured through debt financing provided by international financial institutions. This includes a $95 million funding support from the International Finance Corporation (IFC), a subsidiary of the World Bank Group.
This clean energy project is not only expected to bring significant economic benefits to Egypt, producing 2.3 million kilowatt-hours of electricity annually, enough to meet the needs of at least 800,000 Egyptian households, but also effectively reduce 1 million tons of carbon dioxide emissions, positively impacting environmental conservation.
However, as the wind farm project progresses, concerns about its potential impact on local wildlife have also arisen. In the future, striking a balance between ensuring energy supply and achieving ecological conservation and sustainable development will be a challenge that Egypt and all stakeholders involved will need to address together.
Amea Power’s initiation of the Ras Ghareb 500MW wind farm construction project in Egypt not only marks a significant milestone in Egypt’s energy transition but also showcases China’s technological prowess and international influence in the field of renewable energy. As the project advances further, it is believed to contribute more to Egypt’s and the world’s energy transition and green development efforts.