{"id":655298,"date":"2024-11-17T00:00:00","date_gmt":"2024-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/"},"modified":"2024-11-17T00:00:00","modified_gmt":"2024-11-17T00:00:00","slug":"taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/","title":{"rendered":"Taqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects"},"content":{"rendered":"

Another 5.2 GW worth of renewables are in the works: <\/strong>The Madbouly government on Thursday inked two MoUs with local and international energy players that could see them develop projects producing some 5.2 GW of renewable energy under a build-own-operate (BOO) system, according to a cabinet statement<\/a>. <\/p>\n

Taqa Arabia and Voltalia inked an MoU to repower the Zafarana wind farm <\/strong>with the EETC and NREA, according to a joint statement<\/a>. The consortium of Taqa Arabia and France\u2019s Voltalia will repower the 545-MW Zafarana wind farm with 1.1 GW of wind and 2.1 GW of solar power under the proposed plan. The consortium will carry out technical and environmental studies \u2014 covering wind speed, solar radiation, and bird migration \u2014 before construction, with studies set to wrap up by December 2025. <\/p>\n

We heard that something like this was in the works: <\/strong>We heard that the government inked<\/a> an agreement with investors to transform the Zafarana wind farm into a hybrid wind and solar power hub back in October at the same time it was announced the government was postponing the sale of the state asset.<\/p>\n

A first for Egypt: <\/strong>The green power facility will be the first of its kind in Egypt to merge both solar and wind power, the statement said.<\/p>\n

The project should help attract investors \u2014 and a higher price tag \u2014 when the sale is<\/strong> back on:<\/strong> The Zafarana wind farms have been on the privatization shortlist<\/a> since our privatization program was relaunched in February 2023 and was reportedly the subject of ongoing negotiations<\/a> last month before the sale was pushed back.<\/p>\n

Emirati Alcazar Energy intends to set up a 2 GW onshore wind farm<\/strong> under its MoU inked with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA). The project will generate enough clean electricity to power over 1.3 mn households and reduce up to 4.7 mn tons of CO2 emissions annually, according to a company press release<\/a>. The project is expected to engage up to 12.5k construction workers and create 1.2k permanent jobs.<\/p>\n

Refresher: <\/strong>The government wants to see 3-4 GW-worth of renewable energy projects go live<\/a> and start feeding the national grid by next summer to fill the energy supply gap. This push is part of a broader plan to secure the country's energy needs amid declining natural gas production and expanding electricity interconnection projects to enable exports to surrounding countries. Egypt plans to source 42% of its energy from renewables by 2030<\/a> \u2014 a target that it recommitted to during the ongoing COP29 climate conference in Azerbaijan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emirati Alcazar Energy to set up a 2 GW wind farm under its MoU inked with the EETC and NREA<\/p>\n","protected":false},"author":1,"featured_media":655299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[2001,93,72,151,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-alcazar-energy","tag-energy","tag-enterpriseam","tag-renewables","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"d3ee0dc0-c392-499e-bfd5-3d2ae4d554bb","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1497.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects","related_issue":[655290],"teaser":"Emirati Alcazar Energy to set up a 2 GW wind farm under its MoU inked with the EETC and NREA","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.c234e13e-e53b-4915-ba74-41c3f90039b2.mp3"},"yoast_head":"\nTaqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects - 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\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects\" \/>\n<meta property=\"og:description\" content=\"Emirati Alcazar Energy to set up a 2 GW wind farm under its MoU inked with the EETC and NREA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1497.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Taqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects\",\"datePublished\":\"2024-11-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\"},\"wordCount\":432,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1497.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alcazar Energy\",\"energy\",\"EnterpriseAM\",\"renewables\",\"TAQA Arabia\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/taqa-arabia-voltalia-consortium-and-the-uaes-alcazar-could-set-up-5-2-gw-worth-of-egyptian-renewables-projects\/\",\"name\":\"Taqa Arabia-Voltalia consortium and the UAE\u2019s Alcazar could set up 5.2 GW worth of Egyptian renewables projects - 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It\u2019s almost half of the country\u2019s current installed capacity, which at the end\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\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655230,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/govt-inks-5-2-gw-worth-of-new-solar-and-wind-projects\/","url_meta":{"origin":655298,"position":2},"title":"Gov\u2019t inks 5.2 GW worth of new solar and wind projects","author":"enterpriseam admin","date":"14 November 2024","format":false,"excerpt":"Good afternoon folks, and welcome to the weekend. We\u2019ve got the wrap on the week\u2019s news as we power our laptops down for the weekend.THE BIG STORY TODAY #1- Another 5.2 GW worth of renewables are in the works: UAE\u2019s Alcazar Energy and a consortium of Taqa Arabia and France\u2019s\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1515.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577888,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/we-could-be-getting-even-more-green-hydrogen-projects\/","url_meta":{"origin":655298,"position":3},"title":"We could be getting even more green hydrogen projects","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"More green hydrogen momentum: Egypt signed MoUs with seven companies and consortiums to conduct feasibility studies on new projects to produce green hydrogen and its derivatives, according to a cabinet statement. The statement does not provide further details on the potential investment size, production capacity, or timeline for any of\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\/12\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590362,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/acwa-power-receives-land-in-sohag-for-10-gw-mega-wind-farm\/","url_meta":{"origin":655298,"position":4},"title":"ACWA Power receives land in Sohag for 10-GW mega wind farm","author":"enterpriseam admin","date":"18 July 2023","format":false,"excerpt":"Sohag could be home to 25 GW of wind generation capacity if all three planned wind farms get built; Egypt looks to source 42% of power from renewables by 2030","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\/2023\/7\/706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586435,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/gulf-energy-companies-could-acquire-our-two-biggest-wind-farms-report\/","url_meta":{"origin":655298,"position":5},"title":"Gulf energy companies could acquire our two biggest wind farms -report","author":"enterpriseam admin","date":"11 May 2023","format":false,"excerpt":"The two wind farms could be sold by the end of the year","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=655298"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655298\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/655290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/655299"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=655298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=655298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=655298"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=655298"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=655298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}