Egypt says Toyota interested in its wind farm projects
The Japanese company Toyota has expressed interest in investing in wind farm projects in Egypt, said Egyptian Minister of Electricity and Energy Hassan Younes on Sunday.
"Japan is one of the supporters of Egypt's ambitious plan to develop renewable energy. The Japanese government presented two soft loans to help in financing the Koraimat solar station, to generate 140 megawatts," Younes was quoted by the official MENA news agency as saying.
Younes' statement came after he met with representatives of major Japanese companies experienced in the sector of electricity all over the world, dpa reported.
Egypt's first large-scale wind farm Zaafarana was built in 2000- 2001. The wind farm is located near the Red Sea coast, one of the windiest sites in the region, with average wind speeds above 9 metres/second.