Egypt’s commitment to a greener future is taking a significant step forward with the announcement of a massive 2 GW wind power project. ACWA Powerhas signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for the project, representing a $2.3 billion investment.
This ambitious undertaking will become Egypt’s largest wind farm, eclipsing ACWA Power’s existing 1.1 GW Suez Wind Farm and establishing itself as the largest single-asset Independent Power Producer (IPP) in the North African country.
The new wind farm is a crucial component of Egypt’s strategy to reduce carbon emissions by increasing reliance on renewable energy sources.
Targeted for financial close in 2026, the facility is projected to contribute significantly to the nation’s goal of achieving 42 per cent renewable energy generation by 2030. Beyond its scale, the project’s impact extends to environmental protection. It is estimated to reduce carbon dioxide emissions by over 3.5 million tons annually, playing a vital role in Egypt’s climate change mitigation efforts.
This latest venture underscores ACWA Power’s substantial commitment to Egypt’s renewable energy sector. With a total investment of $8.8 billion across various projects, including the Benban 120 MW solar PV project and the Kom Ombo 200 MW solar PV facility, ACWA Power is a key player in Egypt’s transition to sustainable energy.
