Since its Commercial Operation Date (COD) in 2019, the wind farm has significantly contributed to Egypt's renewable energy capacity with the following annual outputs:
The produced energy not only bolsters Egypt's drive towards renewable energy but also promotes environmental sustainability. The project has offset approximately 2,314,455 Tonnes of carbon equivalent since its COD, based on the grid emission factor of 0.5297 tCO2e/MWh. This carbon offset plays a pivotal role in Egypt's commitment to reducing greenhouse gas emissions.
RGWE, in collaboration with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority, not only produces clean energy but also ensures environmental benefits with a significant reduction in carbon footprint, positioning Egypt as a regional leader in renewable energy initiatives.
Ras Ghareb Wind Energy S.A.E. is a company created in 2017
Initiated in 2009, the RGWE journey marked a cornerstone in Egypt's renewable energy timeline. By April 2013, the Egyptian Electricity Transmission Company rolled out the Request for Proposals for the innovative 250 MW wind farm project at the Gulf of Suez.
The consortium led by ENGIE, Toyota Tsusho–Eurus, and Orascom Construction, with the technical guidance of Lahmeyer International, was chosen as the Preferred Bidder in April 2015. Achieving its Financial Close on 14th December 2017, the project successfully reached its COD in 2019 after 24 meticulous months of construction.
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Ras Ghareb Wind Energy S.A.E. (RGWE) symbolizes a global partnership with ENGIE from France (40%), Toyota Tsusho Corporation & Eurus Energy Holdings Corporation from Japan (jointly holding 40%), and Egypt's own Orascom Construction (20%).
With a plethora of international backers, including the Japan Bank for International Cooperation, Nippon Export and Investment Insurance, Sumitomo Banking Corporation, Société Générale, and Commercial International Bank, the project is a testament to international collaboration in renewable energy. Prominent stakeholders also include Lahmeyer International (Tractebel Owner’s Engineer), EcoConserv (ESIA), and Mott McDonald (Lenders Technical Advisor).
Constructed under the EPCM (Engineering, Procurement, and Construction Management) framework, the project comprises:
Siemens Gamesa Renewable Energy, supplying 125 wind turbines of the G97 model, rated at 2.1MW with a hub height of 71m.
Orascom Construction oversees Civil Works and Electrical Systems, ensuring robust infrastructure from turbine foundations to efficient energy transmission systems. This robust setup underscores Egypt's push towards enhancing its renewable energy infrastructure.
Furthermore, a 15-year Long Term Service Agreement (LTSA) ensures the project's longevity and sustainability with Siemens Gamesa Renewable Energy at the helm.