EGYPT
Gulf of Suez Wind Power Plant
Project details:
Climate finance:
for mitigation 100 %
• Total Project Cost: US$999.8 million • Total Financing: US$703.6 million • OPEC Fund contribution: US$30 million • Type of financial instrument: Senior Loan
• Other contributions: EBRD A-Loan (US$195.9 million), EBRD B-Loan (US$73.6 million), AfDB (US$140 million), BII (US$186 million), DEG (US$34 million), APICORP (US$44 million) • The loan was signed in December 2024.
Priorities:
Driving Climate Action Support for Climate Mitigation, Adaptation & Nature Based Solutions
Promoting Private Sector & Trade Support for private sector development, access to financial services, trade finance & industry
• 25% of operations by 2025
• 40% of operations by 2030
Country details:
Droughts and floods impacting water availability, agriculture and energy infrastructure
102 nd out of 187 countries on ND-GAIN ranking
35
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