{"id":543900,"date":"2022-02-23T03:52:07","date_gmt":"2022-02-23T03:52:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/acwa-power-in-advanced-talks-with-sfe-over-wind-farm-in-gulf-of-suez\/"},"modified":"2022-02-23T03:52:07","modified_gmt":"2022-02-23T03:52:07","slug":"acwa-power-in-advanced-talks-with-sfe-over-wind-farm-in-gulf-of-suez","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/acwa-power-in-advanced-talks-with-sfe-over-wind-farm-in-gulf-of-suez\/","title":{"rendered":"ACWA Power in advanced talks with SFE over wind farm in Gulf of Suez"},"content":{"rendered":"

<\/a> ACWA Power in talks over c. 250 MW wind farm: <\/strong>Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW wind farm in the Gulf of Suez, Al Borsa<\/a> reports, citing unnamed sources who claimed a contract could be signed within weeks. The 250 MW generation capacity of the wind farm is not final and is subject to change, the sources noted. The SFE would reportedly own a minority stake in the project.<\/p>\n

It\u2019s not clear yet who will finance the project<\/strong>, the sources said. ACWA recently signed an agreement<\/a> worth USD 2 bn with French lender Natixis to fund the company\u2019s projects in the region.<\/p>\n

ACWA has a significant presence in Egypt,<\/strong> including through its 200 MW Kom Ombo solar power plant<\/a>, which in April got USD 114 mn in backing from a consortium of international lenders led by the European Bank for Reconstruction and Development. The company has minority stakes in three plants in Benban and an upcoming project with the Egyptian Electricity Transmission Company to convert an electricity plant in Luxor to renewable energy, and has reportedly expressed interest<\/a> in Egypt\u2019s investment in desalination infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

ACWA Power in talks over c. 250 MW wind farm: Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW wind farm in the Gulf of Suez, Al Borsa reports, citing unnamed sources who claimed a contract could be signed within weeks. The […]<\/p>\n","protected":false},"author":1,"featured_media":543901,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[1042,93,72,151,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam","tag-renewables","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"b3b4d52e-7109-410a-93c8-c3e8b60b0572","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/333.jpg","photo_position":"above","related_issue":[543889],"teaser":"","voice_url":""},"yoast_head":"\nACWA Power in advanced talks with SFE over wind farm in Gulf of Suez - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/acwa-power-in-advanced-talks-with-sfe-over-wind-farm-in-gulf-of-suez\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACWA Power in advanced talks with SFE over wind farm in Gulf of Suez\" \/>\n<meta property=\"og:description\" content=\"ACWA Power in talks over c. 250 MW wind farm: Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW wind farm in the Gulf of Suez, Al Borsa reports, citing unnamed sources who claimed a contract could be signed within weeks. 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The wealth fund is considering making an investment in the facility under the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576906,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/acwa-unit-looks-to-build-worlds-second-largest-wind-farm-in-egypt\/","url_meta":{"origin":543900,"position":1},"title":"ACWA unit looks to build world\u2019s second-largest wind farm in Egypt","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"ACWA Power could build one of the world\u2019s largest wind farms in Egypt: Saudi renewable energy developer ACWA Power will build a 10-GW wind farm in Egypt after signing an MoU with Egypt\u2019s New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) yesterday, the Saudi Energy\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/52.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577087,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypt-has-just-lined-up-as-much-as-25-gw-worth-of-wind-projects\/","url_meta":{"origin":543900,"position":2},"title":"Egypt has just lined up as much as 25 GW worth of wind projects","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"Egypt lined up commitments for up to another 15 GW of wind power yesterday, bringing to 25 GW the total new wind-power generation capacity it has locked in recent days. 25 GW: That\u2019s A LOT of power. 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