Cairo: Egypt’s Suez wind power project, a 1.1-gigawatt plant developed by a consortium of local and international private sector partners, has achieved significant recognition by winning two major international awards. The Ministry of Planning, Economic Development, and International Cooperation announced the accolades, highlighting the project’s impact and contribution to sustainable energy in the region.

According to State Information Service Egypt, the project was awarded the Infrastructure Deal of the Year by African Banker magazine. The financial backing for the wind plant comes from a coalition of international and regional lenders, including the African Development Bank, OPEC Fund for International Development, European Bank for Reconstruction and Development (EBRD), British International Investment (BII), Germany’s DEG, and the Arab Petroleum Investments Corporation (APICORP).

In another recognition, EMEA Finance named the Suez wind project the Best Power Deal in Egypt and Africa. This award acknowl
edged a $300 million financing initiative led by Hassan Allam Utilities, France’s Meridiam, and the EBRD. The project stands as the largest wind plant of its kind in Egypt and ranks among the largest in Africa.

Once operational, the Suez wind power plant is expected to generate 4,111 gigawatt-hours annually, which will be sufficient to supply over one million households with clean, affordable, and reliable energy. Additionally, the project will contribute to a reduction in annual carbon dioxide emissions by 1.71 million tons, aligning with Egypt’s commitments under the Paris Agreement on climate change.