The Egyptian Cabinet said in a statement that it approved a proposal from the Orascom Construction Alliance to establish renewable energy projects with a capacity ranging between 150 and 200 megawatts.
According to Reuters, the alliance includes the French company Engie and the Japanese company Toyota Tsusho. The coalition has already developed a 262.5 MW wind farm in Ras Gharib overlooking the Red Sea.
Sources in the sector said that the intense sunlight, strong winds, and deserts, in which the facilities will be located, all mean that Egypt has huge capabilities in the field of renewable energy.
The government set the year 2030 instead of 2035 as a target to achieve the goal of generating 42 percent of electricity from renewable energy, but it did not achieve the goal of generating 20 percent of electricity from renewable energy in 2022.