JICA Signs Loan Agreement for Ras Ghareb 200 MW Wind Farm in Egypt

JICA (Japan International Cooperation Agency) has signed a loan agreement with Masdar IPH Wind S.A.E for Infinity Power's Ras Ghareb 200 MW Wind Farm in Egypt. The loan aims to promote sustainable economic growth and reduce greenhouse gas emissions by increasing renewable electricity supply in Egypt. The loan amount is $60.7 million USD, co-financed with the European Bank for Reconstruction and Development (EBRD), PROPARCO, and the Green Climate Fund (GCF).

Key Takeaways:

JICA signed a loan agreement with Masdar IPH Wind S.A.E for the Ras Ghareb 200 MW Wind Farm project in Egypt on December 7, 2024.
The project aims to promote sustainable economic growth and reduce greenhouse gas emissions by increasing renewable electricity supply in Egypt.
The loan amount is $60.7 million USD and is co-financed with the EBRD, PROPARCO, and the GCF.
The project involves the construction and operation of a 200MW wind farm, transmission lines, and substation facilities.
A Power Purchase Agreement (PPA) has been entered into with the Egyptian Electricity Transmission Company (EETC) for the full purchase of actual electricity generation with the guarantee of the Ministry of Finance of Egypt.
The project contributes to achieving SDGs 7 (Affordable and clean energy), 13 (Climate action), and 17 (Partnerships for the goals).

Statistics:

Loan amount: $60.7 million USD
Project capacity: 200MW wind farm
Anticipated disbursement date: September 2025
Co-financiers: EBRD, PROPARCO, and GCF
Renewable electricity supply increase target: Undisclosed

Sources:

Sept. 19 -- Japan International Cooperation Agency issued the following news release