Egypt Invests Big Time In Wind
photo via applied language
Add Egypt to the list of countries moving forward and getting to work to phase in more renewable energy to meet growing demand needs while phasing out coal and other dirty fossil fuels. Energy demand is increasing in Egypt at about 6 percent a year, but the country is committed to greatly increasing its use of renewables, including the country's first privately owned wind farm. The wind farm is slated to begin operation in 2013, and be located in the Gulf of Suez.
Egypt has a goal of producing 20 percent of its power from renewable energy sources by 2020. The U.S., for a reminder, has no national goal, but its most populous state, California, has a goal of 33 percent by 2020.
There's no owner yet for the wind farm, which will produce 250 megawatts of power. The government is said to have a shortlist of 10 local and foreign companies.
The World Bank has loaned Egypt $220 million USD from its Clean Technology Fund (CTF) so the energy produced can flow into the national grid. A senior energy specialist at the World Bank, Mohab Hallouda, says about the project:
"The Gulf of Suez is an excellent area for wind farms. Several projects are under way to create more wind parks there, which could have capacity of around 2,000 megawatts."