The French infrastructure fund Meridiam has partnered with the European Bank for Reconstruction and Development (EBRD), Hassan Allam Utilities (HAU), and the Saudi group ACWA Power to develop a wind energy project in Egypt, with an investment exceeding €1 billion. This initiative is set to become Africa’s largest wind energy project.
The wind farm will span two sites in the Gulf of Suez desert and is designed to generate 1,100 megawatts (MW) of power upon completion. This project directly supports Egypt’s renewable energy ambitions, aiming to increase renewables to 42% of the energy mix by 2030, up from 11.5% in 2023. Operations are expected to begin in 2027, with the farm’s lifespan projected at 25 years.
Funding for the project draws on both international and local collaboration. The EBRD offers financial and technical backing, while ACWA Power and Hassan Allam Utilities contribute their expertise in energy infrastructure, showcasing the power of partnerships in driving large-scale renewable initiatives.
Egypt has been ramping up its renewable energy efforts, inaugurating a 500 MW solar power plant in Aswan in December 2024 and expanding Engie’s Gulf of Suez wind farm to 650 MW in early 2025. These projects aim to alleviate frequent electricity shortages, especially during the high-demand summer months.
Ongoing investments in renewable energy and grid modernization are reducing Egypt’s dependence on fossil fuels and addressing its energy challenges, paving the way for a more sustainable future.
African Energy Council