{"id":89101,"date":"2025-01-24T00:00:00","date_gmt":"2025-01-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/meridiam-to-co-develop-acwa-and-hau-gulf-of-suez-wind-farm\/"},"modified":"2025-01-24T00:00:00","modified_gmt":"2025-01-24T00:00:00","slug":"meridiam-to-co-develop-acwa-and-hau-gulf-of-suez-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/meridiam-to-co-develop-acwa-and-hau-gulf-of-suez-wind-farm\/","title":{"rendered":"Meridiam to co-develop Acwa and HAU Gulf of Suez wind farm"},"content":{"rendered":"

French infrastructure investor Meridiam is joining Acwa Power and <\/strong>Hassan <\/strong>Allam Utilities<\/strong>' <\/strong>1.1 GW wind power project<\/a><\/strong> along the Gulf of Suez as a co-developer<\/strong>, according to a press release<\/a> issued on Wednesday. Construction of the project is expected to start this month, with full commercial operations set to begin in 2Q 2027. <\/p>\n

There\u2019s more in the pipeline: <\/strong>Meridiam has signed a long-term strategic partnership with Hassan Allam Utilities and the European Bank for Reconstruction and Development (EBRD) to develop and invest in several renewable energy projects in Egypt. <\/p>\n

Sounds familiar? <\/strong>The trio partnered<\/a> last year to raise capital to invest in local renewable energy projects last year, allocating some USD 300 mn, of which USD 75 mn was from the EBRD, for the wind farm.<\/p>\n

ICYMI- <\/strong>Acwa Power and HAU reached a financial close for their USD 1.2 bn<\/a> mega Suez wind farm earlier this month. The first of the project\u2019s two phases will see the firms establish 550 MW worth of capacity in Ras Shukeir, with the second phase set to see an additional 550 MW installed in Ras Ghareb. <\/p>\n

AND- <\/strong>Shanghai<\/strong>-based <\/strong>Envision Energy<\/a><\/strong> won the contract to equip <\/strong>the farm<\/strong>, according to a press release<\/a> published on Tuesday. The agreement includes the delivery of 138 wind turbines with a capacity of 8 MW each and 25 years of maintenance services. Envision\u2019s tech also includes its Galileo system, which helps define precise load conditions for component and system testing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction is set to start this month, with commercial operations set to begin in 2Q 2027<\/p>\n","protected":false},"author":1,"featured_media":89102,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[184,40,11,202,47,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wind","tag-acwa-power","tag-egypt","tag-enterpriseclimate","tag-hassan-allam","tag-wind","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"7c0cdcfe-2d48-4805-b5ce-451a7b6d5382","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/430.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Meridiam to co-develop Acwa and HAU Gulf of Suez wind farm","related_issue":[89088],"teaser":"Construction is set to start this month, with commercial operations set to begin in 2Q 2027","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.d01dad9f-cacb-41b3-806f-d84bea11beee.mp3"},"yoast_head":"\nMeridiam to co-develop Acwa and HAU Gulf of Suez wind farm - 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