Africazine:
A new wind farm project in Egypt aims to significantly boost renewable energy capacity.
A consortium of Orascom Construction, Engie, and Aeolus has signed a long-term power purchase agreement to develop a 900 MW wind farm near Ras Shokeir. This project will enhance the consortium’s total wind capacity in Egypt to approximately 1.8 GW, building on their existing 912 MW from two operational facilities.
Egypt’s Ambitious Renewable Energy Expansion
The new wind farm is part of Egypt’s strategy to diversify its energy mix and increase renewable energy production. Aeolus will hold a 40% stake in the project, while Engie and Orascom Construction will hold 35% and 25%, respectively. This ownership structure reflects a collaborative approach to advancing renewable energy initiatives in the country.
The project will follow a 25-year build-own-operate model, with the Egyptian Electricity Transmission Company serving as the sole offtaker. Orascom Construction will play a crucial role by managing engineering, procurement, and construction responsibilities, ensuring that key civil and electrical works are executed effectively.
Egypt: Key figures on wind farm development
- 900 MW wind farm capacity
- 1.8 GW total wind capacity upon completion
- 912 MW current capacity from two operational facilities
- 40% stake held by Aeolus
- 35% stake held by Engie
- 25% stake held by Orascom Construction
- 25-year build-own-operate model
- Financial close targeted for early Q3 2026
- Construction scheduled to commence by year-end
- Commercial operations targeted for mid-2028
Next Steps for the Wind Farm Project
- Advance toward financial close in early Q3 2026
- Commence construction by year-end 2026
- Target commercial operations by mid-2028
Egypt is making significant strides in renewable energy with this new wind farm project.
