Project Overview
Project at a Glance
| Project Name | Red Sea Wind Farm |
| Installed Capacity | 650 MW |
| Location | Near Ras Ghareb, Gulf of Suez, Egypt |
| Project Model | 25-Year Build-Own-Operate (BOO) |
| Offtaker | Egyptian Electricity Transmission Company (EETC) |
| ENGIE | Lead Developer — 35% |
| Toyota Tsusho + Eurus Energy | Equity Partners — 40% (jointly) |
| Orascom Construction | EPC & Equity Partner — 25% |
Milestone Timeline
April 2018
Cabinet Approval (BOO Scheme)
December 2018
Joint Development Agreement Signed
March 2023
Financial Close
December 2024
First Commercial Operation Date
2025
Full Commercial Operation (650 MW) — Ahead of Schedule
April 2018
Cabinet Approval (BOO Scheme)
December 2018
Joint Development Agreement Signed
March 2023
Financial Close
December 2024
First Commercial Operation Date
2025
Full Commercial Operation (650 MW) — Ahead of Schedule
Project Location
Environmental & Social Commitment
Red Sea Wind Energy is committed to operating the wind farm in full compliance with international environmental and social standards. Comprehensive assessments have been prepared in accordance with the requirements of international lenders, Egyptian national legislation, and the IFC Performance Standards.
All relevant disclosure documents — including the Environmental and Social Impact Assessment, Stakeholder Engagement Plan, and other supporting studies — are available on our Disclosures page.