New agreement to repower Egypt's Zafarana wind farm with a three- gigawatt wind-and-solar project [Yahoo! Finance]
MSCI Inc (MSCI)
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Source: Yahoo! Finance
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energy, signed in partnership with TAQA Arabia a memorandum of understanding (MOU) with Egypt's Ministry of Electricity, in presence of Egypt's Prime Minister, to repower the landmark Zafarana wind farms Originally commissioned by the Government of Egypt two decades ago, the Zafarana 545-megawatt wind farms were the first of their kind in the MENA region (Middle East and North Africa) and a milestone in Egypt's renewable energy journey. As the wind turbines will soon approach the end of their operational lives, a new strategy is needed to repower the site. Located 130 kilometers south-east of Cairo, Zafarana is one of the windiest sites in the entire MENA region; it also enjoys exceptional sun irradiation typical of the Sahara climate. Voltalia and TAQA Arabia have jointly developed a modern hybrid renewable energy solution which maximizes land utilization on plots 5-8 of Zafarana, harnessing
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MSCI
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- 10/29/24 - Form 8-K
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