Amea Power has completed installation of the first wind turbine in its Amunet wind farm in Egypt’s Gulf of Suez.
The Amunet wind farm project is a 500 MW wind power project planned in Red Sea, Egypt. The firm has enlisted the services of a consortium made up of the Chinese companies Huadong PowerChina Engineering Corporation and PowerChina for the engineering, procurement and construction (EPC) of the project. The field is equipped by Chinese supplier Envision Energy, which is installing its EN-171 wind turbines, each with a capacity of 6.5 MW.
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Amunet wind farm
The project represents a crucial contribution to Egypt’s renewable energy goals, it’s essential to balance energy needs with environmental conservation. Amea Power commissioned an environmental impact study to assess the potential effects of the wind farm on biodiversity. This study likely evaluated the project’s location, its impact on migratory bird routes, and proposed mitigation measures.
The project is expected to generate 2,300,000MWh electricity and supply enough clean energy to power 800,000 households. The project is expected to offset 1,000,000t of carbon dioxide emissions (CO2) a year. The power generated from the project will be sold to Egyptian Electricity Transmission under a power purchase agreement. The power will be sold at the rate of $0.031kWh for a period of 25 years.
Amunet wind farm project is estimated to require an investment of US $709M. 80% will be financed by debt granted by international financial institutions, such as the International Finance Corporation (IFC), a subsidiary of the World Bank Group, which is contributing US $95M. The debt is also financed by commercial banks.
