Lekela announced that it has reached financial close on its first wind project in Egypt, West Bakr Wind. Construction will begin shortly, delivering 250 MW of clean, reliable power at a highly competitive price.
Once the project is fully operational in 2021, it will produce over 1,000 GWh per year and power more than 350,000 homes, the company said in a statement.
Located 30 km northwest of Ras Ghareb, West Bakr Wind is part of the government’s Build, Own, Operate (BOO) scheme. It will increase Egypt’s wind energy capacity by 14%, as the country strives to meet its target of generating 20% of its electricity from renewable sources by 2022;