{"id":635900,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/oc-engie-toyota-tsusho-consortium-reaches-financial-close-on-usd-400-mn-wind-farm\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"oc-engie-toyota-tsusho-consortium-reaches-financial-close-on-usd-400-mn-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/oc-engie-toyota-tsusho-consortium-reaches-financial-close-on-usd-400-mn-wind-farm\/","title":{"rendered":"OC, Engie, Toyota Tsusho consortium reaches financial close on USD 400 mn wind farm"},"content":{"rendered":"

A consortium of Orascom Construction, Engie, and Toyota Tsusho Corporation has reached financial close on <\/strong>a USD 400 mn 250 MW wind farm<\/strong> in Gabal El Zeit<\/a> tendered under a build-own-operate framework. Shalakany Law Firm acted as local counsel for Japan Bank for International Corporation, Nippon Export and Investment Insurance and commercial lenders SMBC and Societe Generale who provided funding for the project, the firm said in a statement (pdf)<\/a>.<\/p>\n

Gabel El Zeit will also be the site of a 220 MW wind farm by Spanish wind turbine manufacturer Gamesa<\/strong>. The project is one of three renewables projects with a combined capacity of 380 MW it plans to complete in 1Q2018, sources from the New and Renewable Energy Authority said, Al Borsa reports<\/a>. Gamesa also plans increase the production capacity of its other wind farm in Gabal El Zeit to 240 MW, from 200 MW currently.<\/p>\n","protected":false},"excerpt":{"rendered":"

A consortium of Orascom Construction, Engie, and Toyota Tsusho Corporation has reached financial close on a USD 400 mn 250 MW wind farm in Gabal El Zeit tendered under a build-own-operate framework. Shalakany Law Firm acted as local counsel for Japan Bank for International Corporation, Nippon Export and Investment Insurance and commercial lenders SMBC and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635900","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c1913cea-b859-4ed1-9db7-5ca6b1cc3d37","order":"0","is_powered_by":true,"section_story_id":"8ab8e8ca-01d1-4376-95ce-6c178c3ea6fb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"teaser":"","voice_url":""},"yoast_head":"\nOC, Engie, Toyota Tsusho consortium reaches financial close on USD 400 mn wind farm - 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\/2017\/12\/17\/oc-engie-toyota-tsusho-consortium-reaches-financial-close-on-usd-400-mn-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC, Engie, Toyota Tsusho consortium reaches financial close on USD 400 mn wind farm\" \/>\n<meta property=\"og:description\" content=\"A consortium of Orascom Construction, Engie, and Toyota Tsusho Corporation has reached financial close on a USD 400 mn 250 MW wind farm in Gabal El Zeit tendered under a build-own-operate framework. 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The USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601268,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/oc-consortium-to-complete-250-mw-wind-farm-in-ras-gharib-two-months-ahead-of-schedule\/","url_meta":{"origin":635900,"position":2},"title":"OC consortium to complete 250 MW wind farm in Ras Gharib two months ahead of schedule","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation is on track to complete a 250 MW wind farm in Ras Gharib by October, two months ahead of the 24-month construction schedule, National Renewable Energy Authority (NREA) head Mohamed El Khayat tells local industry publication Power News.\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584857,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/06\/500-mw-gulf-of-suez-wind-farm-signs-financial-agreement\/","url_meta":{"origin":635900,"position":3},"title":"500-MW Gulf of Suez wind farm signs financial agreement","author":"enterpriseam admin","date":"6 April 2023","format":false,"excerpt":"The consortium behind the project reached financial close on Monday","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/278.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592732,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/oc-engie-toyota-consortiums-262-5-mw-ras-ghareb-wind-farm-ready-for-commercial-operation\/","url_meta":{"origin":635900,"position":4},"title":"OC-Engie-Toyota consortium\u2019s 262.5 MW Ras Ghareb wind farm ready for commercial operation","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"OC-Engie-Toyota consortium\u2019s 262.5 MW Ras Ghareb wind farm ready for commercial operation ahead of schedule: A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation has fully completed the construction and commissioning of its 262.5 MW wind farm in Ras Ghareb 45 days ahead of schedule, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592654,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/toyota-orascom-alliance-begins-trial-run-on-250-mw-ras-gharib-wind-farm\/","url_meta":{"origin":635900,"position":5},"title":"Toyota-Orascom alliance begins trial run on 250 MW Ras Gharib wind farm","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation began trial runs on its 250 MW wind farm in Ras Ghareb,sources in the New and Renewable Energy Authority (NREA) told the local press. 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