Saudi utility giant ACWA Power has signed a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) to develop a 2-gigawatt (GW) wind energy project in Hurghada.

Orascom Construction PLC has announced the commencement of commercial operations for 306 MW at the expanded 650 MW 25-year Build-Own-Operate (BOO) wind farm in Ras Ghareb.

Saudi Arabia’s ACWA Power has finalized financing agreements worth $702 million for a 1,100-megawatt wind farm in Egypt.

The Egyptian government has postponed the international bidding on two key wind power plants, Zafarana and Beni Suef.

Saudi ACWA Power is planning to start the construction works of Egypt’s largest wind farm in early 2024.

The Danish shipping and logistics firm Maersk has signed a preliminary agreement with the Egyptian government to purchase a 51% stake in a wind power farm in the Zafarana complex at Ras Ghareb City in the Red Sea.

Three Arab and Chinese companies are looking forward to establishing wind farms in Egypt with up to $600 million in investments.

The Egyptian New and Renewable Energy Authority (NREA) signed a land allocation agreement with the leading Saudi operator of power plants and water desalinations ACWA Power for a 10-gigawatt (GW) wind farm in Sohag, Egypt.

The UK leading global investor in sustainable infrastructure Actis is close to acquiring the Gabal El Zeit wind plant in Egypt, Asharq Business reported on July 10th, citing unnamed sources familiar with the matter.

The consortium led by UAE’s Masdar and comprised Infinity Power and Hassan Allam Utilities is in talks with four international consulting offices competing for the advisory work of its 10-gigawatts wind farm project.

The Saudi-based power plants developer ACWA POWER and UAE’s Alcazar Energy have shown interest in acquiring the wind farms located in Egypt’s Gabal El Zeit and Zafarana.