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About Ras Ghareb Wind Energy

Company Profile

Ras Ghareb Wind Energy S.A.E. (RGWE) is an Egyptian joint-stock company established in 2017 to develop, build, own, and operate a 262.5 MW onshore wind farm near Ras Ghareb in the Gulf of Suez region of Egypt. The company is owned by a consortium of three international and regional partners: ENGIE (40%), Toyota Tsusho Corporation jointly with Eurus Energy Holdings Corporation (40%), and Orascom Construction (20%).

Financial close was reached on 14 December 2017, with construction completed in approximately 24 months. The project achieved its Commercial Operation Date in 2019, ahead of schedule and within budget. Power generated is supplied to Egypt's national grid under a long-term Power Purchase Agreement with the Egyptian Electricity Transmission Company (EETC).

Mission

To deliver clean, reliable energy to Egypt's national grid through the responsible development and operation of large-scale wind power infrastructure, contributing to the country's energy security and climate commitments.

Vision

To set the benchmark for responsible renewable energy development in Egypt and the MENA region, delivering projects that are on time, within budget, and aligned with the highest environmental and social standards.

Egypt's Renewable Energy Targets

Egypt has set a national target to generate 42% of its electricity from renewable sources by 2035. The Gulf of Suez is one of the world's premier wind corridors, with average wind speeds exceeding 10 metres per second — among the highest recorded anywhere globally. These conditions make the region ideally suited for large-scale wind power development.

The Ras Ghareb Wind Energy project directly supports this national objective. At 262.5 MW, it has been part of Egypt's growing renewable energy capacity since 2019 and reinforces the country's position as a leading destination for clean energy investment in the MENA region.

Build-Own-Operate Model

Under the Build-Own-Operate (BOO) model, the consortium is responsible for the full lifecycle of the project: development, financing, construction, and long-term operation and maintenance over a 25-year contract period. Revenue is secured through a Power Purchase Agreement with EETC, providing long-term visibility and stability.

This model has been successfully applied across multiple wind projects in Egypt's Gulf of Suez wind corridor. Ras Ghareb Wind Energy was completed ahead of schedule and within budget, reaching Commercial Operation in 2019.

Project Track Record

The Ras Ghareb Wind Energy project is one of Egypt's pioneering onshore wind farms, having reached its Commercial Operation Date in 2019, ahead of schedule and within budget. The project demonstrates the consortium's capability to deliver large-scale renewable infrastructure on time and on budget. Since coming online, the project has offset over 2.3 million tonnes of CO₂-equivalent emissions.

912.5 MW

Current Installed Capacity

2

Completed Projects in Egypt

~1.8 GW

Total Capacity with Ras Ghareb

Health, Safety & Environment

Ras Ghareb Wind Energy is committed to the highest standards of health, safety, and environmental management across all phases of the project. Our HSE framework is aligned with the IFC Performance Standards, the Equator Principles, and Egyptian national legislation.

We implement rigorous environmental and social safeguards throughout the project lifecycle — from site assessment and construction through to long-term operation. Our approach includes comprehensive Environmental and Social Impact Assessments, biodiversity monitoring, community health and safety protocols, and emergency response planning.

Key Commitments

  • Zero tolerance for unsafe practices on site
  • Continuous monitoring of environmental conditions, including avian migration patterns and noise levels
  • Ongoing engagement with local communities throughout the project lifecycle
  • Compliance with all applicable Egyptian environmental regulations and international lender requirements
  • Regular reporting on HSE performance to project stakeholders and lenders

For detailed information, refer to our disclosure documents, including the Environmental and Social Impact Assessment (ESIA) and Environmental and Social Management System (ESMS) manual.

View Disclosures