BRÈVE

sur ENGIE (EPA:ENGI)

ENGIE Completes Largest Wind Farm in the Middle East and Africa

Graphique de l'évolution du cours de l'action ENGIE (EPA:ENGI).

ENGIE has announced the full commissioning of the Red Sea Wind Energy farm in Ras Ghareb, Egypt, the largest of its kind in the Middle East and Africa. Achieving a total capacity of 650 MW, the project's extension was delivered four months ahead of schedule. The project will power over 1 million homes with renewable energy and aims to cut carbon emissions by approximately 1.3 million tons annually.

Developed by a consortium including ENGIE, Orascom, Toyota Tsusho, and Eurus Energy, and financed by prominent institutions like JBIC and EBRD, this project marks a significant milestone. It operates under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company, ensuring long-term revenue.

The project highlights ENGIE’s capacity to implement large-scale renewable initiatives rapidly, bolstering its leadership in the sector across Africa and the Middle East. ENGIE is also progressing with a new 900 MW wind farm in the same region.

R. E.

Copyright © 2025 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de ENGIE