February 2025: ACWA Power signed the PPA with the Egyptian Electricity Transmission Company for a 2,000MW wind farm at South Hurghada, sized at SAR 8.6bn / US$2.3bn in the company’s portfolio disclosure, with financial close expected during 2026. Combined with #18, ACWA’s Egyptian renewable commitments exceed US$3.4bn, among the largest Gulf private investments in Egypt outside real estate.
Value: US$2.3bn (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
