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November 07,2024

EBRD Considers $200M Loan for 1100 MW Wind Project in Egypt

The EBRD is considering a $200 million loan for a 1,100 MW Wind Project in Egypt's Gulf of Suez, part of a $1 billion investment by Suez Wind Energy, backed by ACWA Power and Hassan Allam Utilities. The project faces environmental challenges due to migratory bird risks. Strict biodiversity measures, including a turbine management program, are in place to minimize impact.

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