EBRD Backs Expansion of African Wind Farm
2024-11-23 11:59
Favorite
Wedoany.com Report-Nov 23,The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of the largest wind farm in Africa.
The bank will support the development and sustainability of Egypt’s renewable energy sector by extending a $21.3m loan to Red Sea Wind Energy.
The loan will fund the development and construction of a 150MW expansion to the 500MW wind farm currently being constructed in the country’s Gulf of Suez region.
The new financing complements an existing loan provided by the EBRD and the Green Climate Fund in 2023, in favour of Red Sea Wind Energy, to finance the original 500MW wind farm.
On completion, this expansion will increase the capacity of the wind farm that is currently under construction, bringing its total capacity to 650MW and making the wind farm the largest in Egypt and in Africa.
The project is expected to help reduce annual CO2 emissions by 1.3 million tonnes.
This bulletin is compiled and reposted from information of global Internet and strategic partners, aiming to provide communication for readers. If there is any infringement or other issues, please inform us in time. We will make modifications or deletions accordingly. Unauthorized reproduction of this article is strictly prohibited. Email: news@wedoany.com
Related Products
Negotiable /Set
Wind Power Tower Mold
Qinhuangdao Tianye Tolian Heavy Industry & Technology Co., Ltd. Negotiable /PCS/sample
2.7V 100000F (60wh) 60138 high-power energy storage power starting power supply (instantaneous high current), low-temperature discharge, long service life, 100000 times of use
Gonghe Power Co.,LTD Negotiable
"Shunyi 1600" Deep-submerging Bottom-sitting Multi-functional Wind Power Engineering Vessel
Zhengli Offshore Engineering Co., Ltd. Negotiable
Wind Turbine Generator
Dongfang Electric Corporation Dongfang Electric Machinery Co., Ltd. Related Recommendations
Q ENERGY Joins as New Shareholder in France's 270MW Pennavel Floating Offshore Wind Project in Brittany
2026-03-19
US Plans to Pay TotalEnergies Nearly $1 Billion to Cancel Offshore Wind Projects off New York and North Carolina
2026-03-18
China Delivers Europe's Largest Single-Capacity Offshore Wind Jacket
2026-03-11
Cv International Launches Nitro-Lite Nitrogen Generator in the U.S., Integrating WindSuite Platform to Enhance Wind Turbine Maintenance Efficiency
2026-03-11
Vena Group Signs $674 Million Green Energy Project Agreement in Taean County, South Korea
2026-03-10
France Secures EU Approval for €11 Billion Aid Plan to Boost Manufacturing of Clean Technologies Like Solar and Wind Power
2026-03-09
American company Aikido plans to house data centers inside floating wind turbine platforms, set to be operational in Norway and the UK by 2028.
2026-03-09
EU Releases Port and Maritime Strategy to Support European Offshore Wind Development
2026-03-06
RWE Installs First Wind Turbine at Thor Offshore Wind Farm in Denmark's Jutland Peninsula
2026-03-05
German Energiequelle Company Commences Construction of Lüben Wind Farm in Gifhorn District
2026-03-05
Lastest Bulletin
1
Inyanga Marine Energy Group welcomes the Welsh Government’s Renewable Energy Sector Deal.
2
2026 China's Local Blueprint: Shanghai, Sichuan, Hubei, Anhui, and Other Regions Include Fusion Energy Projects in Their 2026 Key Project Lists
3
China Nuclear Environmental Protection: Concentrating Efforts on Reform for Breakthrough, Striving to Create a New Situation in the Nuclear Environmental Protection Industry
4
Fu Liangqian Appointed as Vice President of the Southwestern Institute of Physics (SWIP) under China National Nuclear Corporation
5
China Nuclear Power Equipment Holds Kick-off Meeting for the Promotion and Implementation of the "1455" Project
6
Zhu Xiaoyan, Member of the Party Leadership Group and Deputy Director of the East China Energy Regulatory Bureau: Seizing Opportunities, Striving Diligently to Contribute East China Energy Regulatory Strength to Building a Strong Energy Nation
7
CGNPC Environmental Protection Party Committee Deputy Secretary and General Manager Ren Junhua Meets with Southwest University of Science and Technology Vice President Fa Tao and Delegation
8
China National Nuclear Power 5th Construction Company Selected as a National Intellectual Property Demonstration Enterprise
9
2026 China-Korea Nuclear Energy Industry Exchange Seminar Concludes Successfully in Qingdao — Focusing on Supply Chain Collaboration and Overseas Expansion, Discussing New Opportunities for China-Korea Nuclear Energy Cooperation
10
China's First Domestically Developed "Hualong One" Main Steam Release Isolation Valve Successfully Shipped to Guangdong Lufeng Nuclear Power Plant