Spain’s Global Energy Services (GES) will complete a 263 MW wind farm near Ras Ghareb by the end of 1Q2019, according to a company press release. The farm will be executed over three phases and work and is set to become “the first wind farm executed under a Build-Own-Operate scheme.” Energy will be sold under a Power Purchase Agreement with the Egyptian Electricity Transmission Company. GES will be supplying the equipment for the project, whose investment value was not disclosed.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…