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Sunday, 29 December 2019

Al Nowais in negotiations with Siemens Gamesa to build a 500 MW wind plant

UAE’s Al Nowais is in negotiations with Siemens Gamesa to set up 500 MW-worth of wind plants in Ras Ghareb, according to the local press. The two sides are looking into how many plants to build and the total cost of the project. Al Nowais hopes to reach an agreement with Siemens or another company to execute the construction works by 1H2020. Al Nowais had earlier this December signed an EGP 16 bn agreement to build the Ras Ghareb wind plant and another 200 MW solar plant in Aswan. The company is turning to renewable energy projects after the government had canceled its coal plant project last October.

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