European Development Partners, made up of the European Union, KfW for German Development Cooperation, Agence Française de Développement and European Investment Bank, has reached an agreement with Egypt to develop a wind farm in the Suez Canal. The wind farm will have 200MW capacity and is expected to cost €267m ($363) to build. The European Development Partners will provide €343m and the Egyptian government €78m for the project, which will be built by Egypt's New and Renewable Energy Authority targeting the end of 2019 for commissioning. The facility will include bird protection measures and generate 650GWh of emissions-free energy annually.
European Development Partners, made up of the European Union, KfW for German Development Cooperation, Agence Française de Développement and European Investment Bank, has reached an agreement with Egypt to develop a wind farm in the Suez Canal. The wind farm will have 200MW capacity and is expected to cost €343m ($363) to build. The European Development Partners will provide €267m and the Egyptian government €78m for the project, which will be built by Egypt's New and Renewable Energy Authority targeting the end of 2019 for commissioning. The facility will include bird protection measures and generate 650GWh of emissions-free energy annually.