An Orascom Construction-led consortium, chaired by Egyptian businessman Nassef Sawiris, has finalized plans to develop a 900 MW onshore wind farm in Ras Shokeir. This major renewable energy venture, located in the high-wind corridor of the Gulf of Suez, is being executed in partnership with France’s ENGIE and Aeolus (a subsidiary of Japan’s Toyota Tsusho).
The initiative significantly expands the group’s renewable energy footprint and directly supports Egypt’s national strategy to diversify its energy mix through clean power sources.
Project structure and technical milestones
The facility will operate under a Build-Own-Operate (BOO) model for 25 years. Financial security for the venture is anchored by a long-term Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), which guarantees the integration of all generated power into the national grid.
Construction is slated to begin during 2026, following an accelerated development timeline:
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December 2027: Completion of the initial 300 MW phase.
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Mid-2028: Achievement of full commercial operation (900 MW).
Strategic impact
This latest development cements Orascom Construction’s position as a dominant player in Egypt’s wind energy sector.
By leveraging its extensive expertise in civil and electrical infrastructure, the company continues to play a pivotal role in the region’s energy transition, building upon a successful track record of large-scale wind projects in the Gulf of Suez.
