Egypt's Ras Ghareb wind farm loan signed

In:

Renewables

Region:

Middle East & Africa

By Max Thompson

Sponsors of the 500MW Ras Ghareb wind farm in Egypt’s Gulf of Suez — comprising Engie (35%), Toyota Tsusho & Eurus Energy (40%), and Orascom Construction (25%) — signed on a $501 million loan to back the scheme on 6 March. Lenders approvals were received on 8 February. The...

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