The Egyptian government signed two Memorandums of Understanding (MoUs) with Alcazar Energy and the Voltalia-Arabia alliance to produce electricity from renewable energy sources under a BOO (Build, Own, Operate) model. The projects will have a combined capacity of 5.2 GW, with 3.1 GW from wind energy and 2.1 GW from solar energy.
The MoUs involve agreements between the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) on one side, and Alcazar on the other, to initiate studies and measurements for a 2 GW wind energy project.
Additionally, another MoU was signed with the Voltalia-Arabia alliance to begin studies for generating 1.1 GW of wind power and 2.1 GW of solar power. The Voltalia-Arabia project is Egypt’s first to integrate both solar and wind energy sources and will be executed in phases.
