
OPEC Fund Contributes To Co-financing Africa’s Largest Onshore Wind Power Project
Muhammad Irfan Published January 17, 2025 | 01:15 AM

VIENNA, (UrduPoint / Pakistan Point News / WAM - 17th Jan, 2025) The OPEC Fund for International Development (the OPEC Fund) is co-financing Africa’s largest onshore wind power project, contributing US$30 million to the construction of two 550 MW wind farms with a total capacity of a 1.1 GW in Egypt’s Gulf of Suez region.
The facility will be capable of powering more than 1 million homes and reduce carbon emissions by around 2,5 million tonnes per year.
In a statement today, OPEC Fund President Abdulhamid Alkhalifa said that this landmark wind farm project is an excellent example of how partnerships can drive climate action and development solutions.
“This underscores the OPEC Fund’s commitment to supporting the country’s sustainable development and energy transition,” he added.
Recent Stories

UAE President, Mohammed bin Rashid welcome guests of World Governments Summit 20 ..

10,000 vehicles fined Rs 9.4m for violating traffic rules in January

PNCA, Sadequain Foundation commemorate death anniversary of artist, Sadequain

Waqar Mehdi chairs meeting to assess 16 Development projects underway in Karachi ..

Pakistan, Belarus agree for enhancing collaboration in 8th JMC meeting

Police arrest suspected outlaw in injured condition

Largest, advanced Air Separation Unit (ASU) near completion at Hattar

Amid winter storms, UN appeals for full aid access to war-ravaged Gaza

DC Kohat conducts surprise visit, issues stern warning to WSSC staff

DC visits DHQ Hospital, reviews facilities

Routine data of gauge & discharges at various location of Indus System of Rivers ..

Govt working on reforms to bring improvement in system: Rana Afzal
More Stories From Middle East
-
UAE President, Mohammed bin Rashid welcome guests of World Governments Summit 2025
16 minutes ago -
Maktoum bin Mohammed: Ninth Arab Fiscal Forum strategic platform to enhance financial, economic inte ..
1 hour ago -
Mauritanian Culture Minister praises Sharjah Ruler's cultural efforts
2 hours ago -
Ahmed bin Saeed opens largest edition of MRO Middle East, AIME
2 hours ago -
Mohammed bin Rashid visits World of Coffee 2025 Dubai exhibition
2 hours ago -
UAE President receives written message from President of Paraguay
2 hours ago
-
GDRFA Dubai showcases advanced border management technologies at RSO 2025 Forum in Bangkok
2 hours ago -
RAK Ruler receives Hilton President for Middle East, Africa
2 hours ago -
Emirates invests in Airbus Skywise S.FP+, Core X3 digital predictive maintenance solution
2 hours ago -
UAE Team Emirates-XRG secure podium at Volta Valenciana
2 hours ago -
Abdullah bin Zayed, IMF Managing Director review global economic landscape at World Governments Summ ..
2 hours ago -
Khaled bin Mohamed bin Zayed meets board members of XRG
2 hours ago