{"id":658458,"date":"2025-01-12T00:00:00","date_gmt":"2025-01-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/orascom-construction-engie-toyota-tsusho-and-eurus-energy-kick-off-commercial-operations-at-ras-ghareb-wind-farm\/"},"modified":"2025-01-12T00:00:00","modified_gmt":"2025-01-12T00:00:00","slug":"orascom-construction-engie-toyota-tsusho-and-eurus-energy-kick-off-commercial-operations-at-ras-ghareb-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/orascom-construction-engie-toyota-tsusho-and-eurus-energy-kick-off-commercial-operations-at-ras-ghareb-wind-farm\/","title":{"rendered":"Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy kick off commercial operations at Ras Ghareb wind farm"},"content":{"rendered":"

The national grid just for a little greener<\/strong>, with 306 MW of a 650 MW wind farm in Ras Ghareb being developed by a local-international consortium of Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy now online, according to a statement (pdf)<\/a>. The entire project is expected to be up and running and connected to the national grid by 3Q 2025. <\/p>\n

The project is set to be the largest operational wind farm in the region once it is fully <\/strong>operational<\/strong>, according to the statement. It will reduce carbon emissions by 1.3 mn tons every year and provide power to over 1 mn homes once fully complete. <\/p>\n

The wind farm is being developed under a 25-year build-own-operate contract <\/strong>by a consortium including France\u2019s Engie \u2014 which hold a 35% stake \u2014 Orascom Construction (25%), along with Japan\u2019s Toyota Tsusho (20%) and Eurus Energy (20%). Orascom Construction is also in charge of the project\u2019s construction of the civil and electrical works. <\/p>\n

We\u2019ve been watching the project closely since the consortium <\/strong>broke ground<\/a><\/strong> on the <\/strong>wind project back in <\/strong>2022<\/strong>, days before signing up to build another 3-GW wind farm<\/a>.The farm was originally expected to have a capacity of 500 MW, before the consortium inked a land usufruct agreement and a PPA with the EETC and the New and Renewable Energy to add 150 MM<\/a> to the farm\u2019s capacity last September. <\/p>\n

\u201cThe consortium has also achieved financial close for the 150 MW expansion, marking<\/strong> another key milestone<\/strong>,\u201d according to the release. It secured non-recourse project financing from the Japan Bank for International Cooperation along with Sumitomo Mitsui Banking Corporation, Norinchukin Bank, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, and the European Bank for Reconstruction and Development. HSBC Egypt is the working capital bank and onshore security agent. The same partners helped finance<\/a> the first phase of the project. <\/p>\n

Reports of more renewables going online is welcome news for the government<\/strong>, who are planning to see 3-4 GW-worth of renewable energy projects go live<\/a> and start feeding the national grid by next summer to fill the energy supply gap. This push is part of a broader plan to secure the country's energy needs amid declining natural gas production and expanding electricity interconnection projects to enable exports to surrounding countries. Egypt plans to source 42% of its energy from renewables by 2030<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 650 MW wind farm is set to reduce carbon emissions by 1.3 mn tons annually<\/p>\n","protected":false},"author":1,"featured_media":658459,"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":[7207],"tags":[571,93,6330,72,363,2493,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-658458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-ebrd","tag-energy","tag-engie","tag-enterpriseam","tag-orascom-construction","tag-ras-ghareb","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"46971357-5435-47b2-b6ba-15e2fc993580","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/534.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy kick off commercial operations at Ras Ghareb wind farm","related_issue":[658439],"teaser":"The 650 MW wind farm is set to reduce carbon emissions by 1.3 mn tons annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.555b149e-6f84-447d-ad0b-6c5ca0af4392.mp3"},"yoast_head":"\nOrascom Construction, Engie, Toyota Tsusho, and Eurus Energy kick off commercial operations at Ras Ghareb wind farm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/orascom-construction-engie-toyota-tsusho-and-eurus-energy-kick-off-commercial-operations-at-ras-ghareb-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Construction, Engie, 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2019","format":false,"excerpt":"OC-Engie-Toyota consortium\u2019s 262.5 MW Ras Ghareb wind farm ready for commercial operation ahead of schedule: A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation has fully completed the construction and commissioning of its 262.5 MW wind farm in Ras Ghareb 45 days ahead of schedule, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584857,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/06\/500-mw-gulf-of-suez-wind-farm-signs-financial-agreement\/","url_meta":{"origin":658458,"position":1},"title":"500-MW Gulf of Suez wind farm signs financial agreement","author":"enterpriseam admin","date":"6 April 2023","format":false,"excerpt":"The consortium behind the project reached financial close on Monday","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/278.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576872,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/oc-breaks-ground-on-ras-ghareb-wind-farm-suez-cement-adds-more-solar-to-its-energy-mix\/","url_meta":{"origin":658458,"position":2},"title":"OC breaks ground on Ras Ghareb wind farm + Suez Cement adds more solar to its energy mix","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"We have two stories this morning from Egypt\u2019s renewable energy sector after the Orascom-Engie-Toyota Tsusho consortium broke ground on its 500-MW wind farm in Ras Ghareb, while Suez Cement announced an agreement to install a solar facility at its Suez plant.CONSTRUCTION ON RAS GHAREB WIND FARM UNDER WAY-Orascom Construction, Toyota\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591488,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/oc-engie-toyota-inaugurate-262-5-mw-ras-ghareb-wind-farm\/","url_meta":{"origin":658458,"position":3},"title":"OC, Engie, Toyota inaugurate 262.5 MW Ras Ghareb wind farm","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Orascom Construction, Engie and Toyota have inaugurated their 262.5 MW Ras Ghareb wind farm after beginning commercial operations in October, Engie said in a press release. Ras Ghareb is Egypt\u2019s first private wind farm and is the first in the country to run under a build-own-operate (BOO) framework. Total investment\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584685,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/04\/gulf-of-suez-wind-farm-reaches-financial-close\/","url_meta":{"origin":658458,"position":4},"title":"Gulf of Suez wind farm reaches financial close","author":"enterpriseam admin","date":"4 April 2023","format":false,"excerpt":"Project expected to come online in 3Q 2025","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592654,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/toyota-orascom-alliance-begins-trial-run-on-250-mw-ras-gharib-wind-farm\/","url_meta":{"origin":658458,"position":5},"title":"Toyota-Orascom alliance begins trial run on 250 MW Ras Gharib wind farm","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation began trial runs on its 250 MW wind farm in Ras Ghareb,sources in the New and Renewable Energy Authority (NREA) told the local press. The sources said that testing began two weeks ago, with full commercial operation expected\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=658458"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658458\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/658439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/658459"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=658458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=658458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=658458"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=658458"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=658458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}