ENGIE: Onshore Wind Expansion in Egyptian Wind Power Initiative

Portfolio | Jan 17, 2025 | ENGIE New Ventures SAS

ENGIE: Onshore Wind Expansion in Egyptian Wind Power Initiative

ENGIE New Ventures, through its involvement in a consortium, is significantly contributing to Egypt's renewable energy targets by expanding its onshore wind capacity. The company's ongoing Red Sea Wind Energy (RSWE) project near the Gulf of Suez will be the largest wind farm in Egypt at 650 MW, having recently secured a 150 MW extension from the Egyptian government. The project's expedited timeline, drawn from ENGIE's prior success with the Ras Ghareb Wind Energy project, positions it to effectively meet Egypt's ambition of generating 42% of its electricity from renewable sources by 2030. The consortium includes major players such as Orascom and Toyota Tsushimo Corporation, highlighting a strategic partnership to achieve national renewable goals. As ENGIE continues to develop its renewable energy portfolio globally, it is valuing competent project managers and expanding its workforce with both junior and senior talent.

Sectors

  • Renewable Energy
  • Infrastructure

Geography

  • Egypt – The primary location of the onshore wind projects and the focus of the government's renewable energy goals detailed in the article.
  • France – Home country of ENGIE, the lead company in the renewable energy project discussed in the article.

Industry

  • Renewable Energy – The article discusses ENGIE's substantial investment in onshore wind power as part of Egypt's renewable energy targets, specifically wind energy development.
  • Infrastructure – Mentioned through the construction and development of large-scale wind farms in Egypt, highlighting infrastructure projects in renewable sectors.

Financials

  • 650 MW – Total capacity of the Red Sea Wind Energy project after the 150 MW extension.

Participants

NameRoleTypeDescription
ENGIE New Ventures SASLead DeveloperCompanyA division of ENGIE focusing on new energy projects, leading the Red Sea Wind Energy project in Egypt.
OrascomConsortium PartnerCompanyAn Egyptian construction company partnering with ENGIE in the wind energy project.
Toyota Tsushimo CorporationConsortium PartnerCompanyA trading company with interests in renewable energy, part of the consortium for the Red Sea Wind Energy project.
Eurus Energy Holdings CorporationConsortium PartnerCompanyA Japanese renewable energy developer and operator, involved in the project consortium.
Hans BruinsConstruction DirectorPersonConstruction Director for the RSWE project and lead developer for the 150 MW extension.
Egyptian GovernmentRegulator/FacilitatorGovernmentProvided the 150 MW extension, pivotal to Egypt's renewable energy strategy.