By 2035, the collaboration hopes to generate 100 gigawatts of sustainable energy through capital, financing, as well as other assistance totalling $100 billion.
The wind farm will assist Egypt in reducing its annual natural gas expenditures by an estimated USD 5 billion and contribute to generate over 100,000 new jobs.
Sources of renewable energy will be able to be promptly put into operation due to the reduction of administrative red tape around licencing and installation.
For Germany to accomplish its clear objective of 50 GW of offshore wind power by 2035, permitting and maritime spatial planning challenges must be addressed.
