Siemens Gamesa signs Egypt wind deal
24 March 2025
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Denmark-headquartered Siemens Gamesa Renewable Energy has signed a power-purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a wind project in Ras Ghareb, Egypt.
“This is a development initiative, and the project is still in its planning phase,” the firm said in a statement sent to MEED. “Right now, the focus is on planning and securing the right partnerships to move forward.”
Local media reports have stated that the planned project will have a capacity of 500MW and that SIemens Gamesa will be “responsible for developing, financing and operating the wind power plant”.
However, MEED understands that the project is in the initial PPA stage and will not necessarily use a build, operate and own model.
Siemens Gamesa Renewable Energy was formed in 2017 when Germany’s Wind Power division merged with Spanish-German Gamesa.
Gamesa won contracts to build several wind projects in Egypt before the merger.
It was the engineering, procurement and construction (EPC) contractor for the 250MW wind farm in West Bakr, which came on stream in 2022. Dutch firm Lekela developed the project.
It was also the main contractor for a wind farm in Gabal El-Zeit, which was completed in 2014.
Renewable target
The Egyptian government has signed several contracts over the past few months to deploy solar and wind projects in line with its goal to increase renewable energy’s share of the electricity generation mix to 42% by 2030.
Power Construction Corporation of China (PowerChina) signed an EPC contract for the 1,100MW Suez wind independent power project in Egypt in January.
Riyadh-based utility developer and investor Acwa Power is developing the project in partnership with a subsidiary of Egypt’s Hassan Allam Utilities, HAU Energy.
In February, Riyadh-based utility developer and investor Acwa Power announced signing a 25-year PPA with EETC for a 2GW wind project in Egypt.
Red Sea Wind Energy, a project company led by France’s Engie and that includes the local Orascom Construction, Japan’s Toyota Tsusho Corporation and Eurus Energy Holdings Corporation, is also developing a 650MW wind IPP in Ras Ghareb.
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