Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, on behalf of the Prime Minister, inaugurated the Gulf of Suez wind power plant project with a capacity of 252 megawatts.

Dr. Shaker expressed his deep appreciation to the European partners; For their continued support and cooperation in the field of renewable energy.

This project is a model of fruitful cooperation between the Egyptian government and international financing institutions. Facilitated financing was provided for green projects.

The project will contribute to the production of electrical energy estimated at approximately 1,200 gigawatts per hour annually, and will save the consumption of more than 200 thousand tons of fossil fuels annually. Which reduces carbon dioxide emissions by about half a million tons annually.

The Egyptian electricity sector has long sought to rely on low-carbon electricity sources, and it contributes significantly to improving energy efficiency and securing electricity supplies.

An integrated and sustainable energy strategy has been approved in Egypt, which aims to maximize the participation of renewable energy in the energy mix to reach about 42% in 2030. Electricity generation from coal has also been excluded and replaced with renewable energy and the use of green hydrogen.

Egypt has rich natural resources of wind and solar energy, and is investing in implementing renewable energy projects.

More than 40,000 square kilometers have been allocated to generate up to 150 gigawatts of solar energy and 120 gigawatts of wind farms, and the private sector is playing a major role in implementing the project.