Deal factsCountry: Egypt · Technology: Wind · Stage: Award · Size: 1 GW · Parties: Infinity Power, Hassan Allam Utilities, EETC
Infinity Power, the Masdar-backed renewable developer headquartered in Egypt, and Hassan Allam Utilities Energy have signed a 25-year power purchase agreement with Egypt’s state transmission company for the 1 GW Ras Shokeir Wind Project. The wind farm will occupy 143 square kilometres in the Gulf of Suez and, according to the developers, will supply electricity to more than 1.2 million Egyptian homes while avoiding over 1.36 million tonnes of carbon dioxide emissions each year once it is running.
The agreement adds to a growing concentration of large wind capacity around Ras Shokeir. A separate 900 MW project in the same zone is being developed by ENGIE, the Toyota Tsusho-linked Aeolus and Orascom Construction, which takes contracted wind capacity at the site to roughly 1.9 GW. The Gulf of Suez has become the anchor of Egypt’s wind programme thanks to its strong and consistent winds and its proximity to the national grid.
For Infinity Power the deal is a step towards its target of 10 GW of operational renewable capacity by 2032. The company and Hassan Allam have now committed more than USD 3.5 billion across a 3.3 GW portfolio in Egypt, combining wind, solar and battery storage. Hassan Allam is also the joint venture partner of India’s Sterling and Wilson Renewable Energy, which in June 2026 won a USD 590 million engineering, procurement and construction contract for a 1,000 MWac solar plant paired with a 600 MWh battery system. EPC work on that project is already under way.
The PPA structure, with the state transmission company as the long-term offtaker, mirrors the model used for Egypt’s earlier utility-scale wind farms and provides the revenue certainty that lenders require before committing project finance. No construction timeline or commercial operation date has been disclosed for Ras Shokeir at this stage.
Why does this matter?
A 25-year offtake contract for 1 GW of wind is one of the largest single renewable commitments in Africa this year. It confirms Egypt as the continent’s most active market for utility-scale wind, and it signals to turbine suppliers, EPC contractors and lenders that the Gulf of Suez pipeline is moving from planning into bankable contracts.
What happens next?
The next milestone is financial close for Ras Shokeir, which will reveal the lending group and the capital structure behind the project. Turbine supply and EPC awards should follow, and the market will watch whether the neighbouring 900 MW project reaches the same stage in parallel, creating a combined construction programme of almost 2 GW in a single corridor.
Sources: Saur Energy: SWREL JV Partner bags 1 GW Wind Deal In Egypt
More from the pipeline: all awards and contracts · Egypt · the full pipeline map
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