• Orascom Construction and partners plan a 900 MW wind farm in the Gulf of Suez.

• The consortium signs a 25-year power purchase agreement with Egyptian Electricity Transmission Company (EETC).

• The project will raise the consortium’s total wind capacity to around 1.8 GW.

A 900 MW wind farm will be built in Egypt to generate clean electricity, according to a statement published by Orascom Construction on March 23.

Authorities confirmed that the project includes the signing of a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) for the development of the facility at Ras Shokeir in the Gulf of Suez.

The consortium will develop the project under a Build-Own-Operate (BOO) model over 25 years. The consortium includes Aeolus, the African IPP platform of Toyota Tsusho Corporation (40%), ENGIE (35%), and Orascom Construction (25%).

Orascom Construction will also carry out civil engineering works and electrical operations on site, excluding the supply of certain local components.

“Following this important milestone, the project will now move toward financial close (securing project financing and signing financial agreements, editor’s note), scheduled for early third quarter 2026,” the company said. However, it did not disclose the required funding or financing structure.

A strategic project for the consortium

This milestone marks the third wind farm developed by the Orascom-led consortium. The group already operates two facilities with a combined installed capacity of 912.5 MW.

The new project will increase total wind capacity to about 1.8 GW and will support the expansion of its concessions portfolio, which already includes assets in renewable energy, water, and logistics across the Middle East.

In April 2025, the group announced the early commissioning of 500 MW of the Ras Ghareb wind farm, developed under the BOO model with ENGIE and Toyota Tsusho Corporation. The project has a total capacity of 650 MW and aligns with the government’s target to raise renewable energy to 42% of the electricity mix by 2035.

Moreover, the company is participating in the development of a high-voltage direct current (HVDC) interconnection between Egypt and Saudi Arabia, with a planned exchange capacity of 3,000 MW.

The Ras Shokeir project forms part of Egypt’s broader strategy to scale up renewable capacity, particularly in the Gulf of Suez, a key area for wind energy development.

Abdoullah Diop