Cheaper, Greener Power: New Wind Farms to Light Over 1.2 Million Egyptian Homes 🇪🇬 The North African country is expected to significantly increase its clean energy capacity with two new wind farms that will provide very affordable electricity to help reduce the country's reliance on expensive natural gas. Key details: 🟠 The Projects: Dubai-based Alcazar Energy Partners has secured $436 million in debt financing for the Niat and Rasga wind farms. Located on Ras Jarab on the Red Sea coast, each will have a capacity of 250 MW. 🟠 The benefits: Commercially operational by the end of 2028, the projects will generate over 2.3 terawatt hours of electricity annually, at a price of 3 cents per kilowatt hour - making it much cheaper than gas generator power. Strategic goal: The wind farms will support the Egyptian goal of increasing the share of renewable energy to 45% by 2028. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.

Cheaper, Greener Power: New Wind Farms to Light Over 1.2 Million Egyptian Homes 🇪🇬 The North African country is expected to significantly increase its clean energy capacity with two new wind farms that will provide very affordable electricity to help reduce the country's reliance on expensive natural gas. Key details: 🟠 The Projects: Dubai-based Alcazar Energy Partners has secured $436 million in debt financing for the Niat and Rasga wind farms. Located on Ras Jarab on the Red Sea coast, each will have a capacity of 250 MW. 🟠 The benefits: Commercially operational by the end of 2028, the projects will generate over 2.3 terawatt hours of electricity annually, at a price of 3 cents per kilowatt hour - making it much cheaper than gas generator power. Strategic goal: The wind farms will support the Egyptian goal of increasing the share of renewable energy to 45% by 2028. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.