Country
Egypt
Sector
Energy
Intelligence Type
Project
Status / Stage
Under Construction
Estimated Value
USD Billion (Phase 1) 1.1
Confidence
Confirmed
Latest Development
Egypt’s largest wind energy facility — 10GW total, Phase 1 $1.1bn — developed by ACWA Power with $170m AfDB financing (December 2024). Powers ~11 million households, mitigates 25.5 million tonnes CO2, saves $6.5bn annually in gas costs. Advances Egypt’s 42% renewable target by 2035.
Project Details
Project TypeOnshore wind power — large-scale utility
Project OwnerEgyptian government / NREA
Project DeveloperACWA Power (Saudi Arabia)
Financing InstitutionAfDB ($170m); ACWA Power equity; additional debt
Start Date2025
Expected CompletionPhase 1 completion 2027-2028
Current PhaseConstruction
Funding StatusPartial
What Happens Next
Phase 1 completion and grid connection.
Commercial Opportunity
Largest wind project in Egypt — wind turbines, foundations, grid, O&M procurement.
Capital & Financing Intelligence
Funding / Amount CommittedUSD Million 170
Funding SourceAfrican Development Bank
Funding DateDecember 2024
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Energy Capital Power June 2025; AfDB December 2024; North Africa energy sources
Source DateDecember 2024–August 2026