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Saudi Arabia’s water desalination company ACWA Power is investing $1.5 billion in a 1.1MW wind project in Egypt. Signed with the Egyptian  New and Renewable Energy Development and Utilization Authority and Hassan Allam Holding, the project will provide electricity to one million housing units. As Egypts seeks to reduce carbon emissions by 2030, the project will contribute to reducing 2.4 million tons of carbon dioxide emissions per year while increasing job opportunities. 

Saudi-led consortium to invest $1.5 bln in 1.1 MW wind project in Egypt

Saudi Arabia’s water desalination company ACWA Power is investing $1.5 billion in a 1.1MW wind project in Egypt. Signed with the Egyptian  New and Renewable Energy Development and Utilization Authority and Hassan Allam Holding, the project will provide electricity to one million housing units. As Egypts seeks to reduce carbon emissions by 2030, the project will contribute to reducing 2.4 million tons of carbon dioxide emissions per year while increasing job opportunities. 

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