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Acwa-led consortium wins $1.5 billion Egypt wind project

  • 7 months ago (2022-06-22)
  • David Flin
Middle East 296 Wind 207

A consortium led by Acwa Power has signed a project agreement to develop a 1.1 GW wind project in Egypt, with an investment value of $1.5 billion. The project is located in the Gulf and Suez and Gabal el Zeit area. It will be the largest single contracted wind farm in the Middle East region.

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The wind project is forecast to reach financial close by Q3 2024. The project will be commercially operational by the end of 2026. The project will have turbines with a blade length of 220 m.

This is Acwa Power’s third project – and first wind farm – in Egypt, after the 120 MW Ben Ban solar IPP in the Aswan region and the 200 MW Kom Ombo solar plant.