Engie, the French energy group, in collaboration with Orascom Construction, Toyota Tsusho Corporation, and Eurus Energy Holdings Corporation, is expanding the Red Sea wind project in Egypt from 500 MW to 650 MW. Situated along the Gulf of Suez in Ras Ghareb, this wind farm is already making significant strides toward bolstering Egypt’s renewable energy capacity. As of now, 306 MW of the project are connected to the grid, with the remaining 344 MW slated for commissioning in the third quarter of 2025. This expansion comes alongside a crucial agreement with the Egyptian Electricity Transmission Company (EETC), securing long-term revenues through a Power Purchase Agreement (PPA), providing financial stability for the project over the next 25 years.
Wind energy currently accounts for 3% of Egypt’s total installed capacity, with 1.6 GW, contributing 2.8% to the country’s power generation with 6.7 TWh. The expansion of the Red Sea wind project is a crucial component in Egypt’s ambitious plan to accelerate its renewable energy targets. The government’s objective is to shift its goal of achieving 42% renewable capacity from 2035 to 2030, with wind energy expected to make up 14% of this capacity. The development of additional renewable infrastructure reflects Egypt’s commitment to sustainable development and reducing dependency on fossil fuels.
This project not only highlights Egypt’s dedication to expanding its renewable energy sources but also showcases the country’s strategic planning in ensuring energy security for future generations. By expediting its renewable goals, Egypt could potentially reduce greenhouse gas emissions and participate more actively in global efforts to combat climate change. Engie and its partners are playing a pivotal role in this transformation, setting a precedent for future regulatory frameworks and renewable energy projects in the region. The impact of this expansion on Egypt’s renewable energy goals will be significant, potentially influencing policies and prompting further investments in the sector.
In conclusion, Egypt is poised to fast-track its renewable energy targets, leveraging the expansion of the Red Sea wind project as a key driver in this transition. The enhancements ensure a step closer to the nation’s sustainability objectives, contributing not only to national power generation but also to global environmental conservation efforts. This project stands as a testament to the collaborative endeavors that are essential in addressing the pressing challenges of energy and environmental sustainability.