Jun 20, 2026 - Egypt: Harnessing the winds of change
Egypt: The OPEC Fund contributed USD 40 million to the Gulf of Suez 1,100MW Wind Power Plant, part of a USD 998.7 million investment co-financed with EBRD, the African Development Bank, BII, DEG and others. Two wind farms of 550MW each are being developed on the Gulf of Suez — one of the world`s most productive wind corridors — and together will power over one million homes while offsetting nearly 2.8 million tons of carbon emissions annually. The project is a significant part of Egypt`s ambition to source 42% of its electricity from renewables by 2035.
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