Foreign wind giants compete for 250MW Gulf of Suez: report

Siemens Gamesa, Enercon and Vestas are among those vying for a role in a 250MW wind project in the Gulf of Suez, according to reports in the Egyptian media.

The foreign OEMs are among four bids set to compete in a tender run by Egypt’s New and Renewable Energy Authority (NREA), said the Daily News Egypt citing sources at the body.

The European Investment Bank (EIB) earlier this year committed to a €115m ($123.6m) loan for the Gulf of Suez project, sited 400km southeast of Cairo.

Egypt hopes to generate 20% of its power from renewable sources by 2022, massively increasing the role of wind, solar and hydropower, as the government attempts to modernise its power system, which is currently dominated by fossil fuel generation.