Siemens Gamesa, over the next seven years, plans to spend about $2 billion in the construction of wind farms in Egypt. Ayman Saad, the company's executive director, told the Daily News Egypt that his firm has received the land for the installation of a 180-MW Ras Ghareb plant and a 650-MW plant in the Gulf of Suez.
Negotiations are also ongoing to put in place about 2,000 MW of wind farms in total.
The negotiations on the feed-in tariff for the production of these infrastructures are still underway, but Siemens Gamesa hopes to be able to conclude them by the end of the year.
Projects under development also include the construction of a 220 kV substation with capacity to transfer power generated by the Ras Ghareb power plants and another 500 kV for the 650 MW installed in the Gulf of Suez.