OC, Engie, Toyota inaugurate 262.5 MW Ras Ghareb wind farm
Orascom Construction, Engie and Toyota have inaugurated their 262.5 MW Ras Ghareb wind farm after beginning commercial operations in October, Engie said in a press release. Ras Ghareb is Egypt’s first private wind farm and is the first in the country to run under a build-own-operate (BOO) framework. Total investment in the project is approximately USD 380 mn, with Engie and Toyota each taking a 40% stake and Orascom Construction holding the remainder. The consortium has secured a 20-year power purchase agreement (PPA) under which it will supply power to the Egyptian Electricity Transmission Company.