French infrastructure fund Meridiam has joined forces with the European Bank for Reconstruction and Development (EBRD), Hassan Allam Utilities (HAU), and Saudi-based ACWA Power to develop a €1 billion wind energy project in Egypt, poised to become Africa’s largest.
Spanning two sites in the Gulf of Suez desert, the wind farm is expected to generate 1,100 MW of power upon completion in 2027.
This aligns with Egypt’s renewable energy target to increase renewables to 42% of its energy mix by 2030, up from 11.5% in 2023. The project is designed with a 25-year lifespan.
The initiative highlights the importance of international collaboration, with the EBRD providing financial and technical support.
ACWA Power and HAU bring their expertise in energy infrastructure to ensure successful implementation.
Egypt is accelerating its renewable energy transformation, recently inaugurating a 500 MW solar plant in Aswan in December 2024 and expanding Engie’s Gulf of Suez wind farm to 650 MW by early 2025. These advancements aim to mitigate frequent electricity shortages during peak demand periods.
Through strategic investments in renewable energy and grid modernization, Egypt is reducing its reliance on fossil fuels and addressing critical energy challenges, setting the stage for a more sustainable energy future.