- ACWA Power signed a USD 2.3 billion deal with Egypt’s EETC to develop a 2 GW wind farm, the largest in the country, set for completion by 2026.
- The wind farm will reduce CO₂ emissions by 3.5 million tonnes annually, supporting Egypt’s goal of achieving 42% renewable energy by 2030.
- The project boosts Egypt’s renewable energy capacity, creating jobs and attracting foreign investments while positioning the country as a regional leader in clean energy.
ACWA Power signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to build a 2-gigawatt (GW) wind farm. The project will cost USD 2.3 billion and aims to be completed by 2026.
This wind farm will surpass the 1.1 GW Suez facility, becoming Egypt’s largest. Egypt continues pushing its efforts to boost renewable energy and reduce reliance on fossil fuels. The government targets 42% renewable energy in its mix by 2030.
ACWA Power leads Egypt’s renewable energy sector. With 4.8 GW of installed capacity and USD 8.8 billion in total investments, the company solidifies its presence with this project. The wind farm will slash CO₂ emissions by over 3.5 million tonnes annually, aligning with Egypt’s Paris Agreement commitments to reduce greenhouse gases.
Egypt’s favourable location supports renewable energy development. Strong winds and ample sunlight make it a prime spot for solar and wind projects. ACWA Power also spearheads initiatives, such as the 120 MW solar park in Benban and the 200 MW facility in Kom Ombo.
Egypt moves to diversify its energy sources through this project. The country seeks to lead the region’s energy transition by ramping up renewable capacity. The wind farm will meet growing energy demand while contributing to global climate goals.
In recent years, Egypt has prioritised clean energy expansion. Renewable projects like this wind farm remain vital in cutting the country’s carbon footprint. The government aggressively works toward renewable energy goals to reduce dependency on imported fossil fuels.
The wind farm will generate jobs and boost the local economy. It will also draw more foreign investments into Egypt’s renewable energy sector. ACWA Power underscores the critical role of private developers in propelling Egypt’s energy transition forward.
Egypt’s ambitious goals align with international accords like the Paris Agreement. By growing its renewable energy share, the country positions itself as a leader in combating climate change. This wind project stands as a crucial part of that strategy.
Beyond environmental gains, the wind farm will enhance Egypt’s energy security. Expanding renewable energy reduces the country’s exposure to global energy price volatility and helps stabilise its economy.
This project marks a significant step toward Egypt’s 2030 renewable energy targets. The country’s commitment to clean energy brings long-term economic and environmental benefits. ACWA Power’s involvement highlights the importance of private partnerships in achieving national and global energy goals.
The 2 GW wind farm showcases a significant investment in Egypt’s future, contributing to energy production and sustainability. As the country’s largest wind facility, it plays a pivotal role in Egypt’s renewable energy agenda.