Vestas closest to win Gulf of Suez wind farm tender, Siemens likely excluded

Mohamed Farag
1 Min Read

The New and Renewable Energy Authority (NREA) asked Vestas to present its financial offer to establish a 250MW wind farm in the Gulf of Suez by 13 October, an informed source told Daily News Egypt.

Three companies were competing for the project, including Vestas, Siemens Gamesa, and Senvion.

In July, the NREA has asked bidding firms to extend the validation of their bids. Vestas agreed, but Siemens refused, while Senvion announced its withdrawal from the project.

Siemens was not notified by the NREA, which means it has been excluded. Therefore, Vestas is the closest to win the tender.

The KfW, a German state-owned development bank, would finance the project with a €260m loan, with the participation of the European Investment Bank, the French Agency for Development, and the EU. The source said that several offers must be made to choose the best.

The sources added that the German company Siemens did not extend the validity of the offer for the tender, and therefore has been excluded and not invited to future negotiations. “This shall not hinder opening the financial offer and awarding the company before the end of this year,” the source said.

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