The project comprises 41 solar power plants and was built to the tune of $4 billion by 30 companies.
Gabal Al-Zait: 580 MW Wind Farm
The 100km2 Gabal Al-Zait wind farm is located near Ras Gharib and has a total capacity of 580 MW. The 300-turbine wind farm was built by Spanish corporation Gamesa before it merged with Germany’s Siemens. With construction starting in 2015, the European Union and Germany have contributed to the project’s total cost of €340 million.
Gabal Al-Zait was included in the list of 32 companies and assets earmarked for privatization announced by the government in 2023. It has garnered interest from private equity giant Actis which threw its hat in the ring to acquire the farm in July 2023.
Zafarana: 545 MW Wind Farm
The state-owned Zafarana wind farm is located in Suez and was built in eight phases between 2000 and 2010, making it one of Egypt’s first wind farms. The farm is 120km2 in size and boasts 700 turbines with a combined capacity of 545 MW. The €110 million wind farm was supported by soft loans from Denmark, Spain, Japan and Germany. The project is linked to the New and Renewable Energy Authority, the government institution responsible for the promotion and development of renewable energy projects in Egypt.