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The African Development Bank approves a $170M loan for Egypt’s Suez Wind Project, aiming to power over a million homes.
The African Development Bank has approved a $170 million loan for Egypt’s largest wind energy project, the 1.1 GW Suez Wind Project, costing $1.1 billion.
This project, which will generate 4,111 GWh annually, aims to supply clean energy to over a million households while reducing CO2 emissions by about 1.71 million tons yearly.
It aligns with the bank's strategy to promote renewable energy in Africa.
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El Banco Africano de Desarrollo aprueba un préstamo de 170 millones de dólares para el Proyecto Eólico Suez de Egipto, con el objetivo de suministrar energía a más de un millón de hogares.