Matouk Bassiouny & Hennawy | View firm profile
We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to the Red Sea Wind Energy S.A.E., a consortium comprising ENGIE (35%), Orascom Construction (25%), Toyota Tsusho Corporation (20%), and Eurus Energy Holdings Corporation (20%) in connection with a financing arrangement with a total amount of approximately USD 100 million to expand the original wind energy project located in Ras Ghareb by up to 150 MW, bringing the total capacity of the wind farm to 650 MW.
The Red Sea Wind Energy project will supply clean energy to over 1 million homes and decrease carbon emissions by roughly 1.3 million tons per year, supporting Egypt’s move toward renewable energy.
The MBH team advising on the project was led by Mahmoud S. Bassiouny (Regional Managing Partner and Group Head of Finance & Projects) and included Nadia Abdallah (Counsel), Amgad Nagy (Senior Associate), Aya Omar (Associate), and Mai Ali (Associate).