EU Contribution: €30 million grant
Partners: KFW –EIB
Total approach: €340 million.
Funded by the European Union (EU) and development partners the 240 MW Wind Farm in Gulf of El Zayt, project is part of a larger national programme supporting the governmental objective of expanding electricity production from renewable energy sources. The Project is co-financed KfW, EIB and EU with a total cost of € 340 million, where the EU is the sole grant donor. It is one of the biggest wind farms in Africa.
This windfarm located on the West bank of the Gulf of Suez has three main objectives:
Expanding electricity production from renewable energy sources
Improving access to electricity for the Egyptian population.
Contributing to global environmental protection by producing environmentally sound electrical energy and avoiding the generation of CO2 emissions.