Egypt approves golden licenses for two wind power plants
Egypt's Cabinet granted golden licenses to the Shadwan and Ras Shokeir wind projects, each planned at 900 MW. Completion is scheduled for 2028.
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what happened
Egypt's Cabinet, headed by Prime Minister Mostafa Madbouly, has granted golden licenses to two wind power projects. The decision was announced in a government statement, as reported by Reuters citing Arab Finance.
The Shadwan project covers development, construction, operation and maintenance of a 900 MW wind plant. Its electricity will be sold to the Egyptian Electricity Transmission Company (EETC), with completion set for March 31, 2028. Around 2,500 construction jobs are expected, followed by 50 during the 25-year operating phase.
The Ras Shokeir project in the Gulf of Suez is also rated at 900 MW and will run under a build-own-operate model, selling power to the EETC. It is due for completion on November 1, 2028, and is expected to create about 800 jobs during its 24-month build, then 25 during operations.
why it matters
The licenses reflect the government's push to draw private investment into renewable energy and expand clean power generation. For markets this is a long-term signal for Egypt's grid and renewables developers, but it does not directly move energy commodity prices.
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sources
- ZAWYA: Egypt's Cabinet approves golden licenses to 2 renewable energy projects — Reuters, 29 October 2026 at 06:20 UTC
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