Company executives signing the agreement
ACWA Power signed, on July 17, a memorandum of understanding (MoU) with Egypt's New and Renewable Energy Authority (NREA) to allocate land for a 10 gigawatts (GW) wind project in Egypt.
The MoU allocates approximately 3,000 square kilometers of land west of Sohag, an urban center, for the project.
The wind project is expected to generate around 50 thousand gigawatt-hours of clean energy annually, providing electricity to around 11 million households and mitigating the impact of 2.4 million tons of carbon emissions each year.
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