The project development started in 2009. In April 2013, the Egyptian Electricity Transmission Company issued the Request for Proposals to build, own and operate the first 250 MW wind farm project at the Gulf of Suez.
The tendering process also involved the Egyptian Ministry of Electricity and Energy, the Egyptian Electricity Holding Company, the Egyptian Electricity Regulatory Authority and the New and Renewable Energy Authority.
The consortium of ENGIE, Toyota Tsusho - Eurus and Orascom Construction, supported by Lahmeyer International as technical advisor, was selected as Preferred Bidder in April 2015.
The project Financial Close was achieved on 14th December 2017. The Notice to Proceed has been issued to contractors on the same day. The project has reached its commercial operation date (COD) on the 31st of October 2019.
Ras Ghareb Wind Energy SAE is a joint venture of ENGIE, France (40%), Toyota Tsusho Corporation & Eurus Energy Holdings Corporation, both of Japan (holding collectively 40%) and Orascom Construction, Egypt (20%).
The project is financed by Japan Bank for International Cooperation, Nippon Export and Investment Insurance, Sumitomo Mitsui Banking Corporation, Société Générale and Commercial International Bank.
Between many more project stakeholders it is worth to mention: Lahmeyer international (Owner's Engineer), EcoConserv (ESIA) and Mott McDonald (Lenders Technical Advisor)..
Ras Ghareb Wind Energy SAE
Entered into a Power Purchase Agreement with the Egyptian Electricity Transmission Company. The site is granted to the project through an Usufruct Agreement with New and Renewable Energy Authority. The project benefits from a Governmental Guarantee provided by the Ministry of Finance.
The project will be built as an EPCM (Engineering, Procurement, and Construction Management) comprising two main packages
The wind turbines which are provided by Siemens Gamesa Renewable Energy. There will be 125 turbines type G97, rated 2.1 MW with a hub height of 71 m.
The Civil Works and Electrical Systems which are provided by Orascom Construction. This package includes (i) the turbines foundations, (ii) the site buildings and control room, (iii) the site roads, (iv) a network of 33kV cabling collecting the energy generated by the wind turbines, and (v) an on-site substation with step-up transformers to enable connection with the regional Suez Gulf 220kV overhead transmission line..