GE: assesses an offshore wind project in the Gulf of Suez


(CercleFinance.com) – GE announces the signing of a memorandum of understanding with Egyptian Natural Gas Holding Company (EGAS) and Seasplit Technologies relating to the industrial decarbonisation of the Gulf of Suez.

As part of the MoU, the three organizations plan to assess the technical and economic feasibility of developing 1.5 gigawatts (GW) of offshore wind power in the Gulf of Suez and intend to explore how strategic companies in the Egyptian oil sector could participate in the implementation of this project.

The electricity produced is expected to power the operations of the offshore oil and gas facilities. Excess power could then be supplied to the grid.

“This initiative has the potential to make Egypt a regional hub and exporter of renewable energy,” said Joseph Anis, President and CEO of GE Gas Power EMEA.

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