Name of the Project
Gulf of Suez Wind II.
Location
The project is located 40 km north-east of Ras Ghareb, in Egypt.
Project Owner/s
The wind farm will be built, owned and operated by Red Sea Wind Energy, which is owned by a consortium comprising ENGIE (35%), Orascom Construction (25%), Toyota Tsusho Corporation (20%) and Eurus Energy Holdings Corporation (20%).
Project Description
The project will be one of the biggest privately developed utility-scale wind power plants in Egypt and will support the country in increasing its renewable-energy capacity.
The project entails the installation of 500 MW, comprising one-hundred and seventy-three 2.9 MW turbines, and supporting infrastructure.
The wind farm will connect to the national grid through a 35 km 220 kV transmission line. This line will connect to an existing substation and, in turn, export electricity through a 500 kV line, which will be installed and operated by the Egyptian Electricity Transmission Company.
Potential Job Creation
The project is expected to require about 1 600 workers at the peak of construction and 40 during operations.
Capital Expenditure
The project is estimated at €474-million, of which the European Bank of Reconstruction and Development will finance €42-million.
Planned Start/End Date
The plant will be connected to the grid over two phases with full commercial operation planned in the third quarter of 2025.
Latest Developments
Red Sea Wind Energy Consortium achieved financial close in April 2023, a significant milestone on the new 500 MW Gulf of Suez Wind Farm II.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Engie Energie Services, tel +33 1 44 22 24 35 or email engiepress@engie.com.
Toyota Tsusho Corporation, tel +81 52 584 5482.
Orascom, tel +20 2 2461 1111.