Eurus Energy to Expand Gulf of Suez Wind Farm II under Construction in Egypt by 150MW
– To Build Africa’s Largest 654 MW Wind Power Facility –

2024.11.19

Eurus Energy Holdings Corporation (“Eurus Energy") together with Toyota Tsusho Corporation (“Toyota Tsusho”) is constructing the Gulf of Suez Wind Farm II (capacity:504 MW) in the Arab Republic of Egypt (“Egypt”).
Eurus Energy announced today that in line with the Egyptian government’s policy to raise the portion of renewable energy generation to 42% of total power sources by 2030, Eurus Energy has revised the project plan by increasing capacity by 150 MW to achieve a total capacity of 654 MW.

This will make the Gulf of Suez Wind Farm II the largest wind farm in Africa in terms of installed capacity. Furthermore, the expansion will include the installation of 20 wind turbines with 7.5 MW which are the largest-class onshore wind turbines in the world.

Located in the Gulf of El Zayt along the Gulf of Suez, the Gulf of Suez Wind Farm II is being developed by four companies: Eurus Energy, Toyota Tsusho, France-based independent power producer Engie S.A., and Egypt’s Orascom Construction PLC. The construction commenced in March 2023, and commercial operation for the expanded capacity is scheduled to begin in August 2025. The generated electricity will be supplied to the Egyptian Electricity Transmission Company under a 25-year power purchase agreement upon completion.

The Gulf of Suez Wind Farm I is in operation in the same area (capacity:262.5 MW, commenced commercial operation in October 2019), making the Gulf of Suez Wind Farm II Eurus Energy’s second wind power project in Africa. Combined, these plants will provide a total wind power capacity of 916.5 MW, contributing to the expansion of renewable energy in Egypt and its economic development.

Eurus Energy will contribute to the spread of clean and low-cost renewable energy in Africa together with Toyota Tsusho and will continue to work on further expansion of wind power generation and contribute to global environmental conservation and the creation of a sustainable society.

[Planned construction site]

[Gulf of Suez Wind Farm II under construction]

[Outline of the Project]

Wind farm name Gulf of Suez Wind Farm I Gulf of Suez Wind Farm II
Operating company name

Ras Ghareb Wind Energy SA

Red Sea Wind Energy SAE

Location Gulf of El Zayt, Arab Republic of Egypt
Business description Generation and sale of wind power
Investment ratio

Toyota Tsusho Group 40%
(Toyota Tsusho 30%; Eurus Energy 10%)
Engie S.A. 40%
Orascom Construction PLC 20%

Toyota Tsusho Group 40%
(Toyota Tsusho 20%; Eurus Energy 20%)
Engie S.A. 35%
Orascom Construction PLC 25%

Power generation capacity

262.5MW (2.1MW×125)

654MW
Original plan: 504MW (6MWx84)
Expanded capacity:150MW (7.5MWx20)

Electricity purchaser Egyptian Electricity Transmission Company
Total project cost Approx. USD 400 million

Approx. USD 790 million
(including USD 130 million for expansion)

Financial group

Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking Corporation, Societe Generale (France)

Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking Corporation, The Norinchukin Bank, Societe Generale (France), European Bank for Reconstruction and Development

Start of commercial operation October 2019 August 2025 (planned)