About Red Sea Wind Energy
Company Profile
Red Sea Wind Energy S.A.E. (RSWE) is an Egyptian joint-stock company established to develop, build, own, and operate a 650 MW onshore wind farm near Ras Ghareb in the Gulf of Suez region of Egypt. The company is owned by a consortium of four international and regional partners: ENGIE (35%), Orascom Construction (25%), Toyota Tsusho Corporation (20%), and Eurus Energy Holdings Corporation (20%).
The project reached financial close on 31 March 2023 and achieved its first Commercial Operation Date on 1 December 2024. Full commissioning was completed ahead of the original Q3 2025 schedule, making RSWE currently the largest operational wind farm in the Middle East and Africa. Under a 25-year Power Purchase Agreement with the Egyptian Electricity Transmission Company (EETC), all generated electricity is supplied to Egypt's national grid.
Mission
To deliver clean, reliable energy to Egypt's national grid through the responsible development and operation of large-scale wind power infrastructure, contributing to the country's energy security and climate commitments.
Vision
To set the benchmark for responsible renewable energy development in Egypt and the MENA region, delivering projects that are on time, within budget, and aligned with the highest environmental and social standards.
Egypt's Renewable Energy Targets
Egypt has set a national target to generate 42% of its electricity from renewable sources by 2035. The Gulf of Suez is one of the world's premier wind corridors, with average wind speeds exceeding 10 metres per second — among the highest recorded anywhere globally. These conditions make the region ideally suited for large-scale wind power development.
The Red Sea Wind Energy project directly supports this national objective. At 650 MW, it represents one of the largest single contributions to Egypt's renewable generation capacity and reinforces the country's position as a leading destination for clean energy investment in the MENA region.
Build-Own-Operate Model
Under the Build-Own-Operate (BOO) model, the consortium is responsible for the full lifecycle of the project: development, financing, construction, and long-term operation and maintenance over a 25-year contract period. Revenue is secured through a Power Purchase Agreement with EETC, providing long-term visibility and stability.
This model has been successfully applied across multiple wind projects in Egypt's Gulf of Suez wind corridor. Red Sea Wind Energy was completed ahead of schedule and represents the largest single onshore wind farm to date in the Middle East and Africa region.
Project Track Record
The Red Sea Wind Energy project is currently the largest operational wind farm in the Middle East and Africa region. Achieving full commercial operation ahead of the original Q3 2025 schedule, the project demonstrates the consortium's capability to deliver large-scale renewable infrastructure on time and within budget. With an annual generation capacity of approximately 2.5 TWh, RSWE avoids around 1.5 million tonnes of CO₂ emissions per year.
912.5 MW
Current Installed Capacity
2
Completed Projects in Egypt
~1.8 GW
Total Capacity with Ras Ghareb
Health, Safety & Environment
Red Sea Wind Energy is committed to the highest standards of health, safety, and environmental management across all phases of the project. Our HSE framework is aligned with the IFC Performance Standards, the Equator Principles, and Egyptian national legislation.
We implement rigorous environmental and social safeguards throughout the project lifecycle — from site assessment and construction through to long-term operation. Our approach includes comprehensive Environmental and Social Impact Assessments, biodiversity monitoring, community health and safety protocols, and emergency response planning.
Key Commitments
- Zero tolerance for unsafe practices on site
- Continuous monitoring of environmental conditions, including avian migration patterns and noise levels
- Ongoing engagement with local communities throughout the project lifecycle
- Compliance with all applicable Egyptian environmental regulations and international lender requirements
- Regular reporting on HSE performance to project stakeholders and lenders
For detailed information, refer to our disclosure documents, including the Environmental and Social Impact Assessment (ESIA) and Environmental and Social Management System (ESMS) manual.
View Disclosures