Background:

Suez Wind Energy is a strategic renewable energy project located in Egypt. In partnership with the European Bank for Reconstruction and Development (EBRD) and Hassan Allam Utilities, Meridiam has established an investment vehicle to develop, finance and operate renewable energy assets in Egypt and Africa.
The initial investment of the platform is the Suez Wind Plant, with a capacity of 1.1 GW divided in two sites (Northern and Southern) of 552MW each. The project aims to harness the region’s wind potential to generate clean energy, contributing to the reduction of carbon emissions and supporting Egypt’s renewable energy targets.
The project will include the installation of 138 WTGs of 8 MW each. ACWA Power which has led project development holds 70% stake while Meridiam/EBRD/HAU collectively hold 30%.

Stage:

Under construction

ESG Matters

The ongoing development of a Biodiversity Action Plan includes offset measures aimed at ensuring no net loss of priority biodiversity features and achieving a net gain for species triggering critical habitat designation. During construction, measures will be taken to protect the habitats of reptiles and amphibians in the area. During operations, there will be a focus on adhering to a specific Bird Migration Protocol, ensuring proper consideration of the migration periods.

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