Engie has signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to develop a 900 MW onshore wind farm near Ras Shokeir, Gulf of Suez, Egypt.

The project, under a build-own-operate (BOO) scheme, ensures long-term revenue visibility.

The wind farm will be developed by a consortium, comprising ENGIE (35 pre cent), Orascom Construction (25 per cent), which will also execute all civil and electrical balance-of-plant works and supply selected local components; and Aeolus (40 per cent, an African renewable energy IPP platform of Toyota Tsusho Corporation.

Financial close is expected by early Q3 2026, with turbine delivery by end-2026.

The project will be commissioned in phases: 300 MW by December 2027 and the full 900 MW by mid-2028, becoming ENGIE’s largest onshore wind farm globally and third in Egypt, expanding its local portfolio to nearly 2 GW.

Paulo Almirante, Engie Senior Executive Vice President in charge of Renewable & Flexible Power, said: "This project marks a new milestone for Engie in Egypt and confirms the confidence of our long-term partners in our ability to deliver largescale renewable assets. With this 900 MW wind farm, our largest onshore project worldwide, we are reinforcing our role in Egypt’s energy transition while accelerating growth in a key market for the group."