Please note: you are viewing an old version of this deal. The current version can be found here: Deal #8767
Deal #8767 Version #93594
Egypt, Arab Rep.
Created at
2021-06-08
Last update
2024-07-30
Last full update
2024-07-30
Land area
Intended size
32 800 ha
Comment on land area
The West Bakr Wind Farm began construction in February 2020 and commenced commercial operations in 2021. The project contract was signed in the fourth quarter of 2019 under the Build, Own, Operate (BOO) scheme, which allows the private company to develop, own, and operate the project. It is noteworthy that official reports do not specify the exact surface area occupied by the project.
Intention of investment
Intention of investment
- [current] Wind farm
Comment on intention of investment
Lekela Power was prequalified by the Egyptian Ministry of Electricity and Renewable Energy for a 250MW wind project. The project aims to deliver clean and reliable electricity to underserved communities at one of the region's most competitive wind tariffs,
supporting Egypt's transition to renewable energy.
Carbon offset project
Carbon offset project
No
Comment on carbon offset project
The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.
Nature of the deal
Nature of the deal
Concession
Negotiation status
Negotiation status
- [2019, current] Concluded (Contract signed)
Implementation status
Implementation status
- [2020] Startup phase (no production)
- [2021-11, current] In operation (production)
Contract farming
Contract farming
No