TAQA Arabia launches a 20 MW solar plant in Sharm El Sheikh with investments worth EGP 250 million

TAQA Arabia launches a 20 MW solar plant in Sharm El Sheikh with investments worth EGP 250 million

TAQA Arabia, a full-service energy and utility provider in Egypt, a subsidiary of TAQA Power, launched a solar power plant in Sharm El-Sheikh built on an area of 250,000 sqm and with a production capacity of more than 42 GWh per year.

“Today, as Egypt assumes the incoming Presidency of COP27 in Sharm El-Sheikh, TAQA Arabia is launching the largest clean energy solar plant in Sharm el-Sheikh, with a total capacity of 20 MW,” Executive Chairman of TAQA Arabia, Khaled Abu Bakr said.

The plant aims to reduce greenhouse gases, as part of the Gold Standard mechanism for clean development projects, in cooperation with the Swiss company First Climate.

“This major project had a total investment of EGP 250 million and will reduce carbon emissions by about 500,000 tons throughout its lifetime, which extends up to 25 years. Over 100 workers, including engineers and technicians specialized in solar energy, took part in the construction of the station that is set to serve the Nabq tourist region, which will supply 30% of Nabq’s power load using clean energy, which reinforces the government’s plan toward clean energy transformation and making Sharm El-Sheikh city the first green city in Egypt,” Sami Abdelkader, Managing Director of TAQA Power, said.

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