How ACWA Power’s $2.3B Wind Farm Will Transform Egypt’s Clean Energy Future

ACWA Power, a Saudi renewable energy company, is set to build a massive 2-gigawatt (GW) wind farm in South Hurghada, Egypt.

Once completed, this will be the largest wind farm in the country, surpassing ACWA Power’s existing 1.1 GW Suez Wind Farm.

The project will cost about $2.3 billion and is backed by a 25-year power purchase agreement with the Egyptian Electricity Transmission Company (EETC).

The new wind farm will produce enough electricity to power nearly 2 million homes. It will also help Egypt increase renewable energy in its electricity supply to 42% by 2030. This project fits into the country’s larger plan to rely less on fossil fuels and move toward clean energy solutions.

By generating clean electricity, the wind farm will cut carbon dioxide emissions by more than 3.5 million tonnes per year. This helps Egypt meet its climate commitments and tackle environmental challenges.

ACWA Power has been active in Egypt since 2015 and has invested $8.8 billion in renewable energy projects. These projects add up to 4.8 GW of electricity production across the country.

In addition to wind energy, ACWA Power runs two solar power plants in Egypt: a 120 MW facility in Benban and a 200 MW project in Kom Ombo.

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The company is also working on a $4 billion green hydrogen project with key Egyptian authorities, showing its long-term commitment to clean energy in the country.

Before construction starts, environmental studies need to be completed. Financial closure for the wind farm is expected by 2026.

ACWA Power’s Chairman, Mohammad Abunayyan, says the strong partnership with EETC and the Egyptian government is helping push forward sustainable energy development.

This wind farm won’t just generate electricity—it will also create jobs. Thousands of people will find work during construction, and many will have long-term jobs when the wind farm is up and running. This can improve incomes for families and help local businesses grow.

As Egypt expands its clean energy projects, the country is also making itself more attractive for future investments in renewable energy. Success in projects like this can bring in more investors who want to be part of Africa’s growing clean energy sector.

ACWA Power’s 2 GW wind farm will boost energy supply, reduce pollution, and create jobs. As the world moves toward clean energy, projects like this will help build a more stable and sustainable future.