Company profile

Suez Wind Energy S.A.E.

Suez Wind Energy S.A.E. is an Egypt-incorporated special purpose vehicle established to develop, finance, construct, and operate a 1,100 megawatt (MW) onshore wind power plant in the Gulf of Suez. The company's principal activity is the generation and sale of electricity under a 25-year build-own-operate power purchase agreement with the Egyptian Electricity Transmission Company (EETC), a state-owned off-taker. The wind farm is divided between two plots in the Ras Gharib District: a northern site (Plot 1, 550 MW) and a southern site (Plot 2, 550 MW), incorporating 138 Envision turbines rated at 8 MW each. Financial close was achieved in January 2025, with full commercial operations targeted for the second quarter of 2027. Once operational, the facility is expected to generate approximately 4,111 gigawatt-hours of clean electricity annually.

Sector

Energy and power / Independent Power Producers, Utility-Scale Wind

Markets

Egypt

Founded

2024

Ownership

Private

Stage

Large Enterprise

Capital raised

$515m

Business model

B2B Transactional

Products and services

Utility-Scale Wind Power Generation (1,100 MW BOO), Bulk Electricity Supply under Power Purchase Agreement, Grid-Connected Renewable Energy Capacity

Source: Partner Researchers.