Orascom Construction Plc, along with France’s ENGIE and Japan’s Toyota Tsusho Corporation, ink a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to build, own, and operate (BOO) a wind farm in Egypt, with a capacity of 3 gigawatts, Invest-Gate reports.

According to the MoU, Orascom Construction will have an equity stake in the project and will execute the construction of the wind farm.

The facility is the first integrated green hydrogen plant in Africa, and when fully developed will consist of 100 MW of electrolyzers, powered by 260 MW of solar and wind.

In addition, it will deliver up to approximately 15,000 tons of green hydrogen as feedstock for production of up to 90,000 tons of green ammonia per year in Fertiglobe’s existing ammonia plants.

The consortium is in the process of finalizing engineering and technology choices for the full-scale 100 MW plant and the partners aim to reach Final Investment Decision (FID) on the facility in 2023.

Osama Bishai, CEO of Orascom Construction, notes that the recent project will add to the company’s success in the construction of two wind power projects.

He adds that the MoU will enable the consortium of Orascom, ENGIE, and Toyota to take initial steps in the development of the project.

It is worth noting that the MoU was signed on the sidelines of the United Nations Climate Change Conference (COP27) in Sharm El-Sheikh.