{"id":34435,"date":"2021-10-22T11:29:44","date_gmt":"2021-10-22T09:29:44","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&p=34435"},"modified":"2021-10-25T09:27:01","modified_gmt":"2021-10-25T07:27:01","slug":"egypt-aims-to-produce-42-of-its-electricity-from-renewable-sources-by-2035","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2021\/10\/22\/egypt-aims-to-produce-42-of-its-electricity-from-renewable-sources-by-2035\/","title":{"rendered":"Egypt aims to produce 42% of its electricity from renewable sources by 2035"},"content":"\n \n \n \nEgypt plans to install a 500 MW wind farm in the Gulf of Suez region. An agreement has been signed for this by the Ministry of Electricity and a consortium made up of Orascom, Engie and Toyota Tsusho Corporation. The project will be developed through the Red Sea Wind Energy Company, a special purpose company.\n\n \n \n\n\n \n \n \nThe work will be carried out within the framework of a Build, Own, Operate, Transfer (BOOT) system which will allow developers to take charge of the entire project and to operate the plant for a fixed period before transferring it. state ownership.\n\n \n \n\n\n \n \n \nThe total cost of the project is estimated at $ 600 million. The project is still in the financial mobilization phase. It will be supported by the European Bank for Reconstruction and Development (EBRD) to the tune of $ 50 million. The plant is expected to be operational by 2024.\n\n \n \n\n\n \n \n \nAccording to Electricity Minister Mohamed Shaker, the Egyptian Electricity Transmission Company (EETC) will purchase the electricity produced by the wind farm. The project will create 1,100 direct jobs and several indirect jobs related to the provision of equipment and services.\n\n \n \n\n","author":114,"featured_media":34428,"comment_status":"open","ping_status":"closed","template":"","tags":[5781,6030,5761,5798,5799,6081,5765,5818,6082],"location":[5600],"class_list":["post-34435","news","type-news","status-publish","has-post-thumbnail","hentry","tag-bank","tag-cooperation","tag-decision-makers","tag-electricity","tag-energy","tag-european-union","tag-institutions-2","tag-investment","tag-renewable-energy","location-egypt"],"short_url":"https:\/\/bit.ly\/3E4BJQH","have_related_news":"","chapo":"

To achieve this strategic objective, the country intends to rely on the private sector, within the framework of public-private partnerships.<\/p>","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2021\/10\/legypte-ambitionne-de-produire-42-de-son-electricite-a-partir-de-sources-renouvelables-dici-2035-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2021\/10\/legypte-ambitionne-de-produire-42-de-son-electricite-a-partir-de-sources-renouvelables-dici-2035-550x360.png 550w","sizes":"550px","alt":"L\u2019Egypte ambitionne de produire 42 % de son \u00e9lectricit\u00e9 \u00e0 partir de sources renouvelables d\u2019ici 2035","width":550,"height":360,"ratio":0.56,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2021\/10\/legypte-ambitionne-de-produire-42-de-son-electricite-a-partir-de-sources-renouvelables-dici-2035-1170x650.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2021\/10\/legypte-ambitionne-de-produire-42-de-son-electricite-a-partir-de-sources-renouvelables-dici-2035-1170x650.png 1170w","sizes":"1170px","alt":"L\u2019Egypte ambitionne de produire 42 % de son \u00e9lectricit\u00e9 \u00e0 partir de sources renouvelables d\u2019ici 2035","width":1170,"height":658,"ratio":0.56,"credit_photo":""},"acf":[],"yoast_head":"\nEgypt aims to produce 42% of its electricity from renewable sources by 2035 - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"Egypt plans to install a 500 MW wind farm in the Gulf of Suez region. An agreement has been signed for this by the Ministry of Electricity and a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2021\/10\/22\/egypt-aims-to-produce-42-of-its-electricity-from-renewable-sources-by-2035\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt aims to produce 42% of its electricity from renewable sources by 2035 - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"Egypt plans to install a 500 MW wind farm in the Gulf of Suez region. 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