Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Mainstream, Actis JV To Set Up 250 MW Wind Energy Project In Egypt

Lekela Power, a joint venture company between Mainstream Renewable Power and investment firm Actis, has announced its third renewable energy project in Egypt.

Lekela Power will set up a 250 MW wind energy project in Egypt which takes the company’s total project pipeline in Africa to 1.1 GW. Lekela Power was set up as a joint venture between developer Mainstream Renewable Power and investment fund Actis in 2015 in a $1.9 billion deal. Mainstream holds 40% in the joint venture while the balance 60% stake is owned by Actis.

Lekela Power signed a memorandum of understanding to develop the project with the Egyptian Electricity Transmission Company following a meeting with Egyptian President Abdel Fattah Al-Sisi.

The new wind energy project will be set up in the Gulf of Suez region. Lekela Power will develop, own, and operate the project, which is expected to require a total investment of $350 million. The company will also set up a 50 MW wind energy projects in Aswan, and an additional 50 MW solar power project will also be set up.

A substantial portion of the 1.1 GW capacity under construction in various countries in Africa is expected to be commissioned next year, with projects expected to be commissioned in South Africa, Egypt, and Ghana. In South Africa, Lekela Power will develop five wind energy projects with a cumulative capacity of 610 MW. Three of these projects are already under construction, while work on the other two is expected to be begin in 2016. Construction on a 150 MW wind energy project in Ghana will also begin in 2016.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

The Indian subsidiary of Finnish utility Fortum has joined the long queue of Indian solar power developers looking to sell their assets. According to...

Clean Power

Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The...

Clean Power

Floating solar power plants have gone from a super niche sector of the solar market in 2012 and 2013 to a pretty popular option...

Fossil Fuels

Norges Bank Investment Management, which manages Norway's sovereign wealth fund, has made a powerful stance in favor of climate action.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.