Toyota Tsusho Corporation, alongside Eurus Energy, Engie S.A., and Orascom Construction PLC, has announced an expansion of the Gulf of Suez Wind Farm II in Egypt, increasing its capacity from 504 MW to 654 MW.
This development will make it the largest wind farm in Africa by installed capacity, aligning with Egypt’s goal to generate 42% of its energy from renewable sources by 2030.
The Gulf of Suez Wind Farm II is located in the Gulf of El Zayt along the Gulf of Suez. The expanded project includes the installation of 20 onshore wind turbines, each with a capacity of 7.5 MW, among the largest in the world. Combined with the initial 84 turbines of 6 MW capacity, the site will house 104 turbines.
Construction commenced in March 2023, and the project is expected to begin commercial operations in August 2025. Upon completion, the electricity generated will be supplied to the Egyptian Electricity Transmission Company under a 25-year power purchase agreement.
The total project cost for the Gulf of Suez Wind Farm II is estimated at $790 million, including $130 million allocated for the expansion. The project is being financed by a consortium of international institutions, including the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking Corporation, Societe Generale, The Norinchukin Bank, and the European Bank for Reconstruction and Development.
Ownership of the project is divided among Toyota Tsusho Group with a 40% stake (20% held by Toyota Tsusho and 20% by Eurus Energy), Engie S.A. with 35%, and Orascom Construction PLC with 25%.
This expansion follows the successful operation of Gulf of Suez Wind Farm I, which has been operational since October 2019 with a capacity of 262.5 MW. Together, the two wind farms will provide a combined capacity of 916.5 MW, contributing significantly to Egypt’s renewable energy capacity and supporting the country’s economic development.
Photo: Gulf of Suez Wind Farm II under construction; Credit: Toyota Tsusho.