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Egypt’s NREA, ACWA Power-led alliance pen $1.5B wind energy project

Egypt’s New and Renewable Energy Authority (NREA) and a consortium led by ACWA Power have signed a usufruct agreement for a 1.1-gigawatt wind energy production project in the Gulf of Suez and Gabal El-Zeit regions, with $1.5 billion in investments.

Updated 1/10/2024 11:13:00 AM
Egypt’s NREA records revenues of EGP 3B in FY 2022/23

The New and Renewable Energy Authority’s (NREA) revenues reached EGP 3 billion during the elapsed fiscal year (FY) 2022/2023, exceeding the target by over EGP 670 million.

Updated 9/13/2023 12:13:00 PM