By: Utilities Middle east

ENGIE has announced plans to construct, own, and operate its largest onshore wind farm globally in Egypt, a strategic initiative aimed at enhancing the country’s renewable energy landscape.

This development is significant as it aligns with Egypt’s ambition to increase renewable energy’s contribution to its power generation mix, targeting 61 gigawatts of renewable capacity by 2030.

The wind farm, expected to have a capacity of 1.8 gigawatts, will be located in the Gulf of Suez region, which is renowned for its favourable wind conditions. This project represents a substantial investment in Egypt’s infrastructure and is anticipated to generate thousands of jobs during both the construction phase and ongoing operations. The investment is estimated to be around €1.5 billion, underscoring ENGIE’s commitment to the Egyptian market and the broader Middle Eastern region.

This initiative not only contributes to local economic growth but also reinforces ENGIE’s strategic positioning as a leader in the global renewable energy sector. The firm aims to diversify its energy portfolio and enhance its sustainability credentials amid the growing global emphasis on reducing carbon emissions. By fortifying its presence in Egypt, ENGIE is poised to play a significant role in supporting the country’s energy transition.

Moreover, this wind farm is set to provide clean energy to over 1.5 million homes, significantly reducing dependence on fossil fuels and contributing to the nation’s climate goals. The project is expected to diminish greenhouse gas emissions by approximately 2 million tonnes annually, aligning with global sustainability targets. ENGIE’s investment in Egypt exemplifies a broader trend among energy companies seeking to invest in renewable solutions as they adapt to shifting market dynamics and regulatory frameworks.