Toyota Tsusho and Eurus Energy Hold Ceremony to Mark Completion of Egypt’s First Wind Power IPP Project
– Contributing to the spread of renewable energy in the country with green and low-priced electricity –
Toyota Tsusho Corporation (“Toyota Tsusho”) and its group company Eurus Energy Holdings Corporation (“Eurus Energy”) today announced a ceremony on December 5 in Cairo, Egypt to mark the completion of a newly constructed 262.5 MW wind power plant in the Arab Republic of Egypt which began operation on October 31.
This is Egypt’s first-ever wind power independent power producer (“IPP”) project. Toyota Tsusho and Eurus Energy partnered with French electric utility company Engie S.A. and Egyptian construction company Orascom Construction S.A.E. to establish Ras Ghareb Wind Energy S.A.E. which will own and operate the power plant for the next 20 years and sell electricity to the Egyptian Electricity Transmission Company.
With the completion of this power plant, Toyota Tsusho and Eurus Energy will contribute to the spread of green and low-priced renewable energy in Egypt and aim to expand the wind power generation business in the future. Going forward, the companies will also plan to further develop the renewable energy business in Africa.
- Project overview
|Location||Gulf of El Zayt, Arab Republic of Egypt|
|Power generation capacity||262.5 MW (2.1 MW ｘ 125 units)|
|Operating company name||Ras Ghareb Wind Energy S.A.E.|
|Investment ratio||・ Toyota Tsusho Group 40%
(Toyota Tsusho Corporation 30%, Eurus Energy Holdings Corporation 10%)・ Engie S.A. 40%
・ Orascom Construction S.A.E. 20%
|Electricity purchaser||Egyptian Electricity Transmission Company|
|Start of construction||December 2017|
|Start of commercial operation||October 2019|