Connection

popular articles

Chinese demand revives Australian raw coal exports
France sets its energy strategy to 2035 balancing nuclear and renewables
CS Energy and Calibrant Energy Complete Three Battery Storage Projects in New York
Ontario Power Generation granted licence to build SMR at Darlington
EU carbon prices fall after Brussels proposes changes to the CBAM

The AfDB Funds a Historic 1.1 GW Wind Project in Egypt

The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.

Please share:

The African Development Bank (AfDB) has recently approved funding of $170 million to support the Suez Wind Energy project in Egypt. This project, with a capacity of 1.1 gigawatts (GW), is estimated at a total cost of $1.1 billion. It is backed by several international institutions, further strengthening Egypt’s position as an African leader in renewable energy.

Developed in collaboration with major players, including the Saudi-based Acwa Power, this project has been awarded the “Golden License” by the Egyptian government. This recognition underscores its strategic importance for the country, both economically and environmentally.

Kevin Kariuki, Vice President for Electricity, Energy, Climate, and Green Growth at the AfDB, stated: “The Suez Wind Energy project is a historic development that highlights the Bank’s commitment to promoting transformative clean energy initiatives across Africa.”

Funding Supported by International Partners

The project also benefits from additional financing sources, notably the European Bank for Reconstruction and Development (EBRD), which is considering providing further support through a $200 million senior debt facility. These contributions demonstrate Egypt’s growing attractiveness to investors in large-scale renewable energy projects.

Between 2010 and 2021, Egypt emerged as a major player in renewable energy in Africa, securing $7.14 billion in funding for projects in the sector, according to ZeroCarbon Analytics. The country ranks behind South Africa and Morocco in terms of attracted capital.

A Key Role for Egypt in Africa’s Energy Transition

Egypt currently accounts for 21% of the installed wind power capacity on the African continent, reflecting its ambitions in the energy transition. Projects like Suez Wind Energy are part of a national strategy to diversify the energy mix while meeting global climate goals.

By partnering with international stakeholders and adopting incentive frameworks like the “Golden License,” the Egyptian government aims to become a benchmark for renewable energy in the MENA (Middle East and North Africa) region.

Register free of charge for uninterrupted access.

Publicite

Latest news

Hydro-Québec launches a 10 G$ energy efficiency plan by 2035
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
Washington criticises anti-fossil policies at IEA summit
Countries accused of overstating carbon sinks to slow energy transition
Saudi Arabia reduces crude consumption for power generation by 2030

Recently published in

Mainstream sells 675 MW of wind and solar projects to Celsia in Colombia

Mainstream Renewable Power sold its entire Colombian portfolio to Celsia, marking its exit from the country to focus operations on three strategic markets.
Ocean Winds equips floating wind farm with Biohut modules to attract marine life
Ocean Winds has completed the installation of 32 Biohut modules on a floater of its EFGL pilot project, marking a global first for floating offshore wind incorporating artificial habitats for biodiversity.
en_1140290950540-11
Ocean Winds equips floating wind farm with Biohut modules to attract marine life
Ocean Winds has completed the installation of 32 Biohut modules on a floater of its EFGL pilot project, marking a global first for floating offshore wind incorporating artificial habitats for biodiversity.
en_1140290950540-11
Connecticut: Study Reveals the Economic Impact of the Offshore Wind Industry
A recently published study shows that over 50 Connecticut companies are actively participating in offshore wind projects, with growth potential for 450 other companies in the region.
en_1140290950540-10
Connecticut: Study Reveals the Economic Impact of the Offshore Wind Industry
A recently published study shows that over 50 Connecticut companies are actively participating in offshore wind projects, with growth potential for 450 other companies in the region.
en_1140290950540-10
The United States suspends Equinor’s Empire Wind offshore wind project off New York
US authorities have ordered the halt of Equinor's Empire Wind 1 offshore wind project located off New York, citing insufficient environmental analysis according to the Biden administration. Construction had been underway since 2024.
en_1140290949540-11
The United States suspends Equinor’s Empire Wind offshore wind project off New York
US authorities have ordered the halt of Equinor's Empire Wind 1 offshore wind project located off New York, citing insufficient environmental analysis according to the Biden administration. Construction had been underway since 2024.
en_1140290949540-11

DEME acquires Havfram for €900 mn to strengthen its offshore wind position

Belgian group DEME has signed an agreement to acquire Norway’s Havfram for €900 mn, consolidating its fleet and global presence in the offshore wind market.
Energiequelle secures 143 MW in German onshore wind tender
Developer Energiequelle has secured five projects totalling 143 MW through a national onshore wind tender, expanding its footprint across four German federal states.
en_1140290971540-2
Energiequelle secures 143 MW in German onshore wind tender
Developer Energiequelle has secured five projects totalling 143 MW through a national onshore wind tender, expanding its footprint across four German federal states.
en_1140290971540-2
New wind installations in the United States fall to lowest level in a decade
The United States recorded its lowest volume of wind installations in a decade in 2024, according to Wood Mackenzie data, due to tax timing effects and persistent regulatory uncertainty.
en_1140290986540
New wind installations in the United States fall to lowest level in a decade
The United States recorded its lowest volume of wind installations in a decade in 2024, according to Wood Mackenzie data, due to tax timing effects and persistent regulatory uncertainty.
en_1140290986540
Sunly, VALOREM and Deep Wind Offshore launch 1 GW offshore wind project in Estonia
Three European energy sector players are partnering to develop an offshore wind farm near Saaremaa, reinforcing Estonia’s strategic position in the Baltic region.
en_1140290968540-2
Sunly, VALOREM and Deep Wind Offshore launch 1 GW offshore wind project in Estonia
Three European energy sector players are partnering to develop an offshore wind farm near Saaremaa, reinforcing Estonia’s strategic position in the Baltic region.
en_1140290968540-2

Sanofi signs 20-year contract with RWE for 21 GWh wind power supply

RWE has signed a 20-year electricity supply agreement with Sanofi, committing to deliver 21 GWh annually from a wind farm located in the Marne region.
RWE wins 151 MW in latest French onshore wind tender
RWE led the latest onshore wind tender launched by the Commission de régulation de l’énergie, securing seven projects representing a prorated capacity of 151 megawatts.
en_1140290972540-2
RWE wins 151 MW in latest French onshore wind tender
RWE led the latest onshore wind tender launched by the Commission de régulation de l’énergie, securing seven projects representing a prorated capacity of 151 megawatts.
en_1140290972540-2
French court suspends wind farm after death of golden eagle
The Montpellier court has ordered a one-year suspension of the Bernagues wind farm, finding Énergie Renouvelable du Languedoc responsible for the death of a golden eagle, a protected species, in January 2023.
en_1140290958540-4
French court suspends wind farm after death of golden eagle
The Montpellier court has ordered a one-year suspension of the Bernagues wind farm, finding Énergie Renouvelable du Languedoc responsible for the death of a golden eagle, a protected species, in January 2023.
en_1140290958540-4
HSM Offshore Energy secures EPCIC contract for East Anglia TWO
ScottishPower Renewables awards HSM Offshore Energy the design and construction of the offshore substation and its foundation for the East Anglia TWO wind farm off the Suffolk coast.
en_1140290971540
HSM Offshore Energy secures EPCIC contract for East Anglia TWO
ScottishPower Renewables awards HSM Offshore Energy the design and construction of the offshore substation and its foundation for the East Anglia TWO wind farm off the Suffolk coast.
en_1140290971540

Yeu-Noirmoutier: €2.5bn for an offshore wind farm with industrial pace

Ocean Winds is leading the installation of 61 offshore wind turbines off the Vendée coast, with up to 600 workers mobilised in Saint-Nazaire and commercial commissioning targeted by the end of November.
Chantiers de l’Atlantique doubles revenue with offshore wind power push
Chantiers de l’Atlantique invests €100 mn to expand its production capacity in offshore wind, a strategic segment now central to its industrial recovery.
en_1140290965540
Chantiers de l’Atlantique doubles revenue with offshore wind power push
Chantiers de l’Atlantique invests €100 mn to expand its production capacity in offshore wind, a strategic segment now central to its industrial recovery.
en_1140290965540
Montpellier court orders temporary shutdown of EDF-run wind farm
The Aumelas wind farm, operated by EDF Renouvelables, must halt operations for four months following a court ruling tied to the protection of endangered species in Hérault.
en_1140290951540-4
Montpellier court orders temporary shutdown of EDF-run wind farm
The Aumelas wind farm, operated by EDF Renouvelables, must halt operations for four months following a court ruling tied to the protection of endangered species in Hérault.
en_1140290951540-4
PNE Group secures approval for 185 MW wind and solar projects in Germany
PNE Group has obtained the necessary permits to develop two onshore wind farms in Hesse and a ground-mounted solar power plant in Brandenburg, totalling 184.8 MW of capacity.
en_1140290949540-5
PNE Group secures approval for 185 MW wind and solar projects in Germany
PNE Group has obtained the necessary permits to develop two onshore wind farms in Hesse and a ground-mounted solar power plant in Brandenburg, totalling 184.8 MW of capacity.
en_1140290949540-5

VSB France commissions 12 MW wind farm in Ille-et-Vilaine for Blue EnerFreeze

The La Lande wind farm, developed by VSB France for Blue EnerFreeze, has begun operations in Ille-et-Vilaine with a capacity of 12 MW, intended to cover 6% of STEF Group's annual electricity consumption in France.
French court blocks major onshore wind farm led by EDF in the Ardennes
A 63-turbine project developed by EDF Renouvelables and Renner Energies was cancelled on appeal in Nancy due to visual saturation, despite over 20 years of development.
en_1140290944540-3
French court blocks major onshore wind farm led by EDF in the Ardennes
A 63-turbine project developed by EDF Renouvelables and Renner Energies was cancelled on appeal in Nancy due to visual saturation, despite over 20 years of development.
en_1140290944540-3
Aker Horizons and Mitsui secure €128mn funding for Mainstream
Aker Horizons and Mitsui have finalised a structured financing agreement with DNB to support Mainstream Renewable Power’s targeted strategy in South Africa, Australia and the Philippines.
en_1140291011540
Aker Horizons and Mitsui secure €128mn funding for Mainstream
Aker Horizons and Mitsui have finalised a structured financing agreement with DNB to support Mainstream Renewable Power’s targeted strategy in South Africa, Australia and the Philippines.
en_1140291011540
Octopus Energy acquires 10% stake in East Anglia One offshore wind farm from Macquarie
Octopus Energy has acquired a 10% stake in the East Anglia One offshore wind farm, expanding its European portfolio and surpassing $2 billion in offshore wind investments.
en_1140291019540
Octopus Energy acquires 10% stake in East Anglia One offshore wind farm from Macquarie
Octopus Energy has acquired a 10% stake in the East Anglia One offshore wind farm, expanding its European portfolio and surpassing $2 billion in offshore wind investments.
en_1140291019540

Eolink to deploy floating wind demonstrator for grid connection in 2027

French company Eolink plans to launch a 5 MW floating wind turbine in Brest, targeting a 2027 grid connection as part of the sector’s industrial progression.
EDF Renewables deploys single platform to monitor 5GW of wind turbines
EDF Renewables is centralising condition monitoring of over 5GW of wind turbines through ONYX Insight’s fleetMONITOR platform, reinforcing its global predictive maintenance strategy.
en_1140290954540-2
EDF Renewables deploys single platform to monitor 5GW of wind turbines
EDF Renewables is centralising condition monitoring of over 5GW of wind turbines through ONYX Insight’s fleetMONITOR platform, reinforcing its global predictive maintenance strategy.
en_1140290954540-2
Boralex commissions its first 106 MW wind farm in Scotland
Boralex has launched operations at the 106 MW Limekiln Wind Farm in Scotland, marking its first operational facility in the United Kingdom, supported by a 15-year public contract and a power purchase agreement.
en_1140290943540
Boralex commissions its first 106 MW wind farm in Scotland
Boralex has launched operations at the 106 MW Limekiln Wind Farm in Scotland, marking its first operational facility in the United Kingdom, supported by a 15-year public contract and a power purchase agreement.
en_1140290943540
Nexif Ratch Energy secures key permit for 500 MW offshore wind project in the Philippines
Nexif Ratch Energy has received preliminary environmental approval from the Philippine government to initiate technical studies for its 500 MW San Miguel Bay offshore wind project.
en_1140290950540
Nexif Ratch Energy secures key permit for 500 MW offshore wind project in the Philippines
Nexif Ratch Energy has received preliminary environmental approval from the Philippine government to initiate technical studies for its 500 MW San Miguel Bay offshore wind project.
en_1140290950540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS