ENGIE expands Egypt's Red Sea Wind Energy project by 150MW

French energy company ENGIE has announced the expansion of the Red Sea Wind Energy project located on the shores of the Gulf of Suez in Egypt, which is currently under construction.

This project, which ENGIE claims is the largest in Africa, is being developed within the Red Sea Wind Energy consortium, a collaboration with Orascom Construction, Toyota Tsusho Corporation and Eurus Energy Holdings Corporation.

The expansion will increase the total capacity of the wind farm from 500MW to 650MW.

As part of this expansion, an additional long-term Power Purchase Agreement (PPA) has been signed with the Egyptian Electricity Transmission Company (EETC). This agreement guarantees revenues for the entire 650MW for 25 years.

According to ENGIE, 306MW is already connected to the national grid as part of a first phase of the project’s commissioning. The full commissioning of the park is scheduled for the third quarter of 2025, as initially planned before the extension.

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Once operational, the wind farm will generate renewable energy capable of powering more than one million homes.

This project is the second for the consortium in Ras Ghareb after the 262.5MW wind farm already operational since October 2019.

With this extension, ENGIE’s total wind power capacity in Egypt will reach 912.5MW.

The consortium has achieved financial close for the 150MW expansion, which is financed by the same partners who financed the original 500MW project capacity: the Japan Bank for International Corporation in coordination with Sumitomo Mitsui Banking Corporation, the Norinchukin Bank, Société Générale S.A under a Nippon Export and Investment Insurance cover, and the European Bank for Reconstruction and Development.