Engie, Orascom Construction Consortium Reaches Financial Close on Third Egyptian Wind Farm

05:58 AM EST, 11/13/2026 (MT Newswires) -- The Shokeir Wind Energy consortium reached financial close on the 900-megawatt Shokeir wind farm, its third in Egypt, according to a Friday release. The consortium comprises Engie (ENGI.PA), Orascom Construction (ADX:ORAS) and Aeolus, which hold 35%, 25% and 40% stakes, respectively. Besides its equity investment and development role, the Abu Dhabi-listed engineering and construction contractor will also carry out all civil and electrical works for the balance of plant and supply certain local components. The project is being developed on a build-own-operate basis under a 25-year power purchase agreement with the Egyptian Electricity Transmission Co. The wind farm will be connected to the grid in three phases, with the first 300-MW phase set for commissioning in January 2028 and the full 900-MW capacity in summer 2028.