Hassan Allam's Leadership Drives Egypt's 1.1 Billion Gulf Of Suez Wind Farm Project

Hassan Allam, the driving force behind Hassan Allam Holding Group, is leading Egypt's 1.1 billion Gulf of Suez wind farm project. At the core of this initiative is a 40 million loan from the OPEC Fund for International Development, which is bolstered by significant international financial support.

The project aims to build two large-scale wind farms that will generate 1.1 gigawatts of clean power, enough to supply over 1.3 million households. These wind farms will be developed by Hassan Allam Utilities, a key player in Egypt's renewable energy and infrastructure sectors, in collaboration with the Saudi Arabian company ACWA Power.

Hassan Allam Utilities, part of Hassan Allam Holding Group, has been pivotal in advancing infrastructure and renewable energy projects in Egypt. The company has a track record of delivering large-scale infrastructure projects across the Middle East and Africa. Recent expansions, including a 10-gigawatt wind farm and a new regional office in Riyadh, Saudi Arabia, highlight its growing influence.

The Gulf of Suez wind farm project has garnered substantial international financial backing. Alongside the 40 million OPEC loan, the European Bank for Reconstruction and Development has contributed 200 million, and the African Development Bank has provided 170 million. This underscores strong international confidence in Egypt's renewable energy goals and Hassan Allam Utilities' ability to execute such ambitious projects.

Aiming to transform Egypt into a renewable energy hub, the Gulf of Suez wind farms are set to significantly reduce the country's reliance on fossil fuels by 2026. This aligns with Egypt's broader climate objectives to reduce its carbon footprint and harness solar, wind, and green hydrogen to meet its growing energy needs.