UAE’s Al Nowais pouring USD 1bn in solar, wind projects in Egypt - reportDecember 22 (Renewables Now) - Abu Dhabi-based investment firm Al Nowais is investing USD 1 billion (EUR 885m) in two solar and wind projects in Egypt with a total capacity of 1,000 MW, chairman Hussain Al Nowais said in an interview with news agency Asharq on Monday. The two projects include a 500-MW solar plant in Kom Ombo in the Aswan governorate in the south of the country and a wind park of 500 MW in Ras Gharib on the Red Sea coast. The completion of the two parks is expected in the next two or three years, Al Nowais said. Al Nowais Investments is the owner of Dubai-based AMEA Power which is working on the Abydos solar plant in Aswan and the Amunet wind farm in the Gulf of Suez. Egypt is currently drawing solid interest from international companies which aim to harness the green energy potential of the Arab country and build green hydrogen capacities.

Source: The North Africa Journal December 22, 2021 11:06 UTC