Project

Suez Wind Farm

EgyptWind Energy, Renewable Energy, Power GenerationReviewed 30 September 2026

1.1GW onshore wind IPP sponsored by ACWA Power (70%) and HAU Energy, a Hassan Allam Utilities subsidiary (30%), offtaken by the Egyptian Electricity Transmission Company (EETC). Financial close was achieved in early January 2025 with a $703.6m senior debt facility from EBRD, AfDB, British International Investment, DEG, the OPEC Fund, and APICORP. Targeted commercially operational by the end of 2026.

Status

Under ConstructionStatus

Value

USD 1.2 billionProject Value

Overview

Location
Gulf of Suez / Gabal El-Zeit
Delivery Model
IPP / BOO

Project Developments

  • Project · 1 January 2025Suez Wind Farm reaches financial close

    ACWA Power and HAU Energy achieved financial close on the 1.1GW Suez Wind Farm in early January 2025 (exact day not independently confirmed), securing a $703.6m senior debt facility from EBRD, AfDB, British International Investment, DEG, the OPEC Fund, and APICORP.

Participants & Roles

Sponsor / Developer

Offtaker / Revenue Counterparty

Sources
  • Windtech International — "Financial close achieved for 1.1GW Suez wind farm in Egypt"Industry / Trade Source
  • OPEC Fund press releaseMultilateral / DFI