China’s Envision Energy on 13 June announced that its wind turbines will supply the 500MW Amunet wind farm to be located at Ras Gharib on Egypt’s Gulf of Suez coast. The project is being developed by a JV of UAE firm Amea (60%) and Japan’s Sumitomo (40%) with $709mn financing coming from a consortium of banks including the World Bank’s IFC and the Japan Bank for International Cooperation (MEES, 2 December 2022).
Envision repeats the previously-communicated timeline that the wind farm is “expected to be commissioned by mid-2025.” This would take Egypt’s installed wind capacity from 1.59GW currently to 2.84GW by the end of 2025, with an additional 500MW coming from the ‘Red Sea Wind Energy’ project which reached financial close in March (MEES, 10 March) and the under-construction 250MW Ras Gharib. All three projects have adjoining Gulf of Suez sites (MEES, 10 March). (CONTINUED - 205 WORDS)
