An agreement for the construction of a 500-megawatt wind farm in the region of the Gulf of Suez was signed on 19 March between the Egyptian Electricity Transmission Company (EETC) and Siemens Gamesa Renewable Energy.
The agreement was signed by Mona Rizk, Chairperson of EETC, and Ayman Saad, CEO of Siemens Gamesa in Egypt.
The signing ceremony was attended by Prime Minister Mostafa Madbouly, and Minister of Electricity and Renewable Energy Mahmoud Esmat.
Under the agreement, Siemens Gamesa will build, finance, and operate the project, which will contribute to increasing the share of renewable energy in the electricity mix, and achieving the State’s renewable energy goals. This comes within the framework of increasing renewable energy to 42 per cent of the energy mix by 2030, and 65 per cent by 2040. The project is also expected to increase reliance on clean energy, reduce the use of fossil fuels, and reduce carbon emissions.
Minister of Electricity and Renewable Energy, Dr Esmat, explained that Siemens is a successful partner to Egypt in electricity projects, especially renewable energy projects. He expressed his pleasure to be cooperating with the “leading renewable energy company” to implement “this important project”. Dr Esmat pointed out to the State’s firm belief that renewable energy is the path to achieving sustainable development, protecting the environment, and ensuring a better future for generations onwards. This vision, he said, aligns with the Sustainable Development Goals. He explained that the electricity sector boasts several renewable energy projects, some of the largest in the Middle East, which are being entirely implemented in cooperation and partnership with the private sector.
“We have a long and successful history in Egypt where the company’s projects have contributed to providing 1.5 gigawatts of electricity through clean energy sources,” CEO of Siemens Gamesa in Egypt, said. “We hope that today’s agreement will be the beginning of more successful projects to come; we are fully prepared to move forward with their implementation.”
Watani International
23 March 2025
