Latest news with #windproject
Zawya
5 days ago
- Business
- Zawya
Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
CAIRO - Egypt signed a financial closure deal on Sunday with Norwegian renewable energy developer Scatec for a 1 gigawatt solar plant, which will allow the project to move into its construction phase, the Egyptian cabinet said. The project will involve a $600 million investment, a cabinet statement said. The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec. Investment in the project is estimated at $1 billion. Egypt is aiming for renewable energy to provide 42% of its electricity generation mix by 2030. However, the country has in recent years relied heavily on natural gas, with solar, wind, and hydropower making up only 11.5% of its electricity generation. (Reporting by Momen Saeed Atallah; Writing by Menna Alaa El-Din; Editing by Jan Harvey and Giles Elgood)
Reuters
5 days ago
- Business
- Reuters
Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
CAIRO, June 15 (Reuters) - Egypt signed a financial closure deal on Sunday with Norwegian renewable energy developer Scatec ( opens new tab for a 1 gigawatt solar plant, which will allow the project to move into its construction phase, the Egyptian cabinet said. The project will involve a $600 million investment, a cabinet statement said. The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec. Investment in the project is estimated at $1 billion. Egypt is aiming for renewable energy to provide 42% of its electricity generation mix by 2030. However, the country has in recent years relied heavily on natural gas, with solar, wind, and hydropower making up only 11.5% of its electricity generation.
CTV News
13-06-2025
- Business
- CTV News
Willow Ridge Wind Project gets Alberta Utilities Commission approval
The Alberta Utilities Commission approved a wind project just south of Fort Macleod, but the approval hasn't come without opposition.
CTV News
13-06-2025
- Business
- CTV News
Wind project just south of Fort Macleod approved
Calgary Watch The Alberta Utilities Commission approved a wind project just south of Fort Macleod, but the approval hasn't come without opposition.
Times
15-05-2025
- Business
- Times
National Grid pledges £60bn investment after profits rise 20%
The UK's energy networks provider said it would invest £60 billion in infrastructure by March 2029 as its full-year results came in above forecasts, despite it having booked a £303 million impairment on a paused wind project in the United States. National Grid said pre-tax profits in the year to the end of March were £3.65 billion, up 20 per cent on the £3.05 billion in the previous year. Shares in the company closed up 3 per cent, or 30½p, at £10.46, outperforming the wider market. The FTSE 100 group recognised an exceptional charge of £303 million due to a pause in development activity in its Community Offshore Wind joint venture in the US, 'in line with the broader slowdown of the US offshore wind
