Suez Wind Energy Project: Major Renewable Initiative in Egypt
The Suez Wind Energy project aims to generate 1,100 megawatts from 138 turbines, enhancing Egypt's renewable energy capacity. Set for completion in 30 months, the initiative will support over 1 million homes, reduce gas consumption, and lower carbon emissions.
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The Suez Wind Energy project, with a total capacity of 1,100 megawatts, is currently under construction in the Gulf of Suez. This initiative involves a joint effort by ACWA Power, which holds a 70% stake, and Egyptian partner Hassan Allam, with an investment of approximately $1.5 billion backed by international financial institutions.
The installation will include 138 turbines, each capable of 8 megawatts, contributing to an expected annual output of over 4,300 gigawatt-hours. The project is scheduled to be operational within 30 months and will operate under a Build, Own, and Operate model for 25 years. This development positions Egypt as a potential hub for renewable energy in the region, emphasizing its strategic geographical advantage.
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