ENGIE secures landmark 900 MW Egypt wind power deal

ENGIE has signed a Power Purchase Agreement with Egyptian Electricity Transmission Company for a 900 MW onshore wind project to be developed near Ras Shokeir

The project will follow a 25-year Build-Own-Operate model, ensuring stable and predictable revenues over the contract period.

The development will be undertaken by a consortium consisting of ENGIE with a 35% stake, Orascom Construction holding 25%, and Aeolus with 40%. Orascom Construction will also be responsible for executing all civil and electrical balance of plant works, along with supplying selected locally sourced components. Aeolus operates as an African renewable energy independent power producer platform backed by Toyota Tsusho Corporation.

With the PPA now in place, financial close is anticipated in early Q3 2026. Delivery of the first wind turbines is expected by the end of 2026. Given the scale of the project, commissioning will take place in stages, with the initial 300 MW planned to be operational by December 2027, followed by full commissioning of the 900 MW facility by mid 2028.

Upon completion, the development will represent ENGIE’s largest onshore wind installation globally, exceeding the capacity of its Assurua wind complex in Brazil, which stands at 846 MW. It will also mark the company’s third wind project in Egypt, bringing its total installed wind capacity in the country to nearly 2 GW. The initiative builds on the consortium’s proven experience, having already delivered two BOO wind farms in Egypt, Red Sea Wind Energy (650 MW) and Ras Ghareb (262.5 MW), with a combined capacity of 912.5 MW, both completed ahead of schedule and below budget.

This project further underscores ENGIE’s long term commitment to supporting Egypt’s energy transition and advancing large scale renewable energy deployment in collaboration with government stakeholders and international partners.

Paulo Almirante, ENGIE senior executive vice-president in charge of renewable & flexible power, said, “This project marks a new milestone for ENGIE in Egypt and confirms the confidence of our long-term partners in our ability to deliver largescale renewable assets. With this 900 MW wind farm, our largest onshore project worldwide, we are reinforcing our role in Egypt’s energy transition while accelerating growth in a key market for the Group.”