A consortium led by France’s Engie has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for the development of a 900 MW onshore wind park near Ras Shokeir in the Gulf of Suez, Egypt (ENGIE press release, 23/03/2026).
The project will be developed under a 25-year build-own-operate (BOO) scheme by the consortium, comprising Engie (35%), Egypt’s Orascom Construction (25%), and Aeolus (40%), the renewable energy platform of Japan's Toyota Tsusho Corporation.
Engie stated that financial close is expected in the third quarter of 2026, with delivery of the first wind turbines planned by the end of 2026. The project will be commissioned in phases, with the first 300 MW scheduled to begin operations in December 2027 and full commercial operation of the 900 MW wind park targeted for mid-2028. Once completed, the project will become Engie's largest onshore wind park globally, surpassing the group’s 846 MW Assurua wind complex in Brazil.
The Ras Shokeir project will also be Engie's third wind park in Egypt, increasing the group’s installed wind capacity in the country to nearly 2 GW. The project builds on the consortium’s strong track record, which has already developed two operational wind parks in Egypt: Red Sea Wind Energy (654 MW) and Ras Ghareb (262.5 MW), with a combined capacity of 912.5 MW.
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