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Image used for illustrative purpose. The Clyde Wind Farm in the Southern Uplands of Scotland near Biggar. It is one of europe's largest incorporating 152 wind turbines that produce 350 MW and covers 47 square kilomtres. Image used for illustrative purpose. Getty Images
The OPEC Fund for International Development has approved a $40 million loan to support the construction of two wind farms in Egypt's Gulf of Suez, as per a statement.
The projects will collectively deliver a total capacity of 1.1 gigawatts (GW) and are expected to play a pivotal role in bolstering the country's renewable energy infrastructure.
Once operational, the wind farms will provide clean energy to over 1.3 million households, aligning with Egypt's long-term energy strategy.
This will contribute to the country’s target of sourcing more than 40% of electricity from renewables by 2035.
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