Another 900 MW of renewable energy is set to hit the grid in mid-2028 from a wind farm near Ras Shokeir to be developed by a consortium of Orascom Construction, Engie, and Aeolus — the renewable energy platform backed by Toyota Tsusho Corporation — after the companies inked a power purchase agreement (PPA) for the project, according to a statement (pdf) from Orascom Construction.

By the numbers: The ownership structure sees Aeolus holding a 40% stake, Engie 35%, and Orascom Construction 25%. The new development will bring the consortium’s total wind capacity in Egypt to around 1.8 GW, up from its existing portfolio of 912 MW across two operational wind farms.

The project will be developed under a 25-year build-own-operate model, with the Egyptian Electricity Transmission Company as the sole offtaker. As in previous projects, Orascom Construction will also execute the civil and electrical works for the balance of plant and supply selected local components, maintaining its dual role as contractor and equity partner.

What’s next? The project is now moving toward financial close, which is expected in early 3Q 2026, with construction to begin at the end of the year and full commercial operation to begin mid-2028, according to a statement from consortium partner Engie.

Tags: