Gulf of suez

Power Construction

Egypt Secures $391 Million Grid Investment to Support Renewable Energy Projects

Egypt has secured a $391 million investment from an Egyptian-Emirati consortium to strengthen its electricity transmission infrastructure and connect renewable …

First Turbine Installed for Egypt's 1.1GW Gulf of Suez Wind Power Project

On December 30, 2025, the first turbine was successfully installed for the 1.1-gigawatt wind power EPC project in Egypt's Gulf of Suez, undertaken by PowerC…

Crude Oil

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…

Wind Farm

Gulf of Suez Wind Farm II in Egypt Begins Operations

On July 4, 2025, the 650MW Gulf of Suez Wind Farm II in Egypt started commercial operations, delivering clean electricity to power approximately 1.1 million hou…

Wind Power Project

ENGIE to Expand Capacity of Wind Farm Project in Egypt

The wind farm is currently under constructionENGIE has announced the expansion of its flagship wind farm project situated along the shores of the Gulf of Suez i…

Wind Farm

EBRD Supports the Largest Onshore Wind Project in Africa

The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy and low?carbon technologies in Egypt by arranging a syndicated loan wo…

Oil & Gas Trade

Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production

A $120 million agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.Egypt's Ministry of Petroleum and Mineral Resour…

Offshore Wind Power

252 MW Wind Power Plant in Gulf of Suez 'Milestone' in Europe-Egypt Relations

The opening of a 252-megawatt wind power plant in the Gulf of Suez is an important milestone in the long-term partnership between Egypt and Europe, Eric Chevall…

Oil&Gas Drilling

Egyptian Oil & Gas Firm Books Jack-up Rig on 21-Month Drilling Gig in Gulf of Suez

ADES Holding Company, part of Saudi Arabia-headquartered oil and gas drilling services provider ADES Group, has secured a new drilling assignment for one of its…

Offshore Wind Power

Egypt's NREA, ACWA Power-Led Alliance Pen $1.5bln Wind Energy Project

Egypt’s New and Renewable Energy Authority (NREA) and a consortium led by ACWA Power have signed a usufruct agreement for a 1.1-gigawatt wind energy produ…

Wind Farm

Financial Closing Agreement to Establish Wind Farm in Gulf of Suez

The Egyptian Cabinet announced, Wednesday, that the Red Sea Wind Energy Consortium signed a financial closing agreement worth $680 million for a project to esta…

Wind Farm

Hitachi Energy to Provide Suez Grid Connection Solution

Hitachi Energy has signed an agreement with Vestas to deliver a grid integration solution to connect the 250 megawatt Gulf of Suez 1 wind farm in Egypt to the n…

Oil Exploration

Eni Wins Five New Exploration Licences in Egypt

Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – …

Wind Power Project

Lekela Starts Operation of 250-MW Wind Farm in Egypt

Lekela, an Africa-focused renewable energy company, has launched the commercial operation of a 250-MW wind park on the shores of the Gulf of Suez in Egypt which…

Wind Power Project

Egypt’s 500MW Wind Farm in the Gulf of Suez to Commence Operations

The Prime Minister of Egypt, Moustafa Madbouli, has attended the signing of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.