Egypt will build a 900 MW wind farm to produce clean electricity, according to Orascom Construction.
Officials said the project includes a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) to develop the site at Ras Shokeir in the Gulf of Suez.
A consortium will handle the project under a Build-Own-Operate model for 25 years. The group includes Aeolus, Toyota Tsusho’s African IPP platform (40%), ENGIE (35%), and Orascom Construction (25%).
Orascom Construction will carry out civil engineering and electrical works on site, though some local components will be sourced separately.
The company said the project will move toward financial close, which includes securing financing and signing agreements, expected in early Q3 2026. It did not disclose funding details.
This is the third wind farm developed by the Orascom-led consortium. The group already runs two farms with a combined capacity of 912.5 MW.
The new project will raise their total wind capacity to about 1.8 GW and expand their renewable energy, water, and logistics assets in the Middle East.
In April 2025, the group started operating 500 MW of the Ras Ghareb wind farm, developed with ENGIE and Toyota Tsusho. The full farm has 650 MW and supports Egypt’s goal of reaching 42% renewable energy by 2035.
The company is also working on a high-voltage direct current interconnection between Egypt and Saudi Arabia, which will allow 3,000 MW of electricity exchange.
The Ras Shokeir farm is part of Egypt’s plan to grow renewable energy, especially in the Gulf of Suez, a prime area for wind power.
source:www.ecofinagency.com
African Energy Council