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1.1GW Suez Wind Energy project gets co-investor
Image: PixabayOfficial Press Release ACWA Power:
ACWA Power set to explore bringing on Oman Investment Authority as co-investor for 1.1GW Suez Wind Energy project
The signing was attended by His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia / OIA will own up to 10% stake in the wind farm project / Egypt’s Hassan Allam Holdings is a 25% co-investor / ACWA Power will hold the remaining share in the facility / US$1.5 billion project expected to be operational by 2026 / When complete, it will mitigate the impact of 2.4 million tonnes of CO2 emissions per year and provide electricity to over a million households
In the presence of His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia; His Excellency Salim Al Aufi, Minister of Energy and Minerals of the Sultanate of Oman; and His Excellency Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy of the Arab... ... More: Official Press Release ACWA Power
- Keywords:
- ACWA Power, Oman Investment Authority, Suez Wind, wind farm, GW, Saudi Arabia, Oman, MoU, COP27, Egypt
