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03 July 2025

Daily Newsletter

03 July 2025

Gulf of Suez Wind Farm II in Egypt begins operations

The Egyptian Electricity Transmission Company will buy the power under a 25-year purchase agreement.

samatharenigunta July 03 2025

The 650MW Gulf of Suez Wind Farm II in Egypt has commenced commercial operations and will provide enough clean electricity for 1.1 million households.

The wind farm is operated by Red Sea Wind Energy, which is owned by Eurus Energy (20%), Toyota Tsusho (20%), Engie (35%) and Orascom Construction (25%).

Construction began in March 2023 and was completed in June 2025. It is situated in the Gulf of El Zayt near the 262.5MW Gulf of Suez Wind Farm I, which commenced commercial operation in October 2019.

The Gulf of Suez Wind Farm II has 84 wind turbines with a capacity of 6MW each and the 20 largest-class onshore wind turbines with a capacity of 7.5MW each.

The Egyptian Electricity Transmission Company will buy the electricity generated under a 25-year power purchase agreement.

The Gulf of Suez Wind Farm II was funded via a financial package led by the Japan Bank for International Cooperation, in partnership with Sumitomo Mitsui Banking Corporation, the Norinchukin Bank, Société Générale (France) and the European Bank for Reconstruction and Development, with insurance provided by Nippon Export and Investment Insurance.

Both wind farms support the Egyptian government’s policy to increase the portion of renewable energy generation to 42% of total power sources by 2030.

Egypt has built energy interconnectors as part of its plan to become an energy hub. The government of Egypt invested $1.5bn in the distribution grid between 2017 and 2020.

Egypt had an electricity capacity of more than 59GW by the end of 2024, of which renewables accounted for 11%.

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