- Published: 06 December 2019 06 December 2019
Engie and its consortium partners inaugurated the 262.5MW Ras Ghareb wind park. Ras Ghareb project started commercial operation in October 2019.
It is the first wind farm tendered on a Build-Own-Operate (BOO) scheme in the country and is part of the Egyptian government’s drive to increase the share of renewables in the energy mix with a target wind generation capacity of 7GW by 2022. The project company, Ras Ghareb Wind Energy is owned by Engie (40%) and its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction (20%). The total investment cost of the project is approximately US$ 380 million.