London-based lender EBRD says it is considering funding a 500MW wind farm project consisting of 173 wind turbines in Egypt’s Gulf of Suez. The project is being led by a consortium consisting of France’s Engie (35%) along with Japan’s Toyota Tsusho and Eurus Energy (40%) and Egypt’s Orascom (25%).

The Red Sea Wind Energy (RSWE) consortium already has a 250MW wind farm operating in the region which started-up last year (MEES, 28 February). Egypt’s cabinet approved the project in April 2018 under the build, own operate (BOO) scheme with the country’s state electricity company EETC and the consortium subsequently entering into a joint development agreement. (CONTINUED - 188 WORDS)