The Egyptian cabinet signed off golden licences for the Shadwan wind power project and the Ras Shokeir wind farm, each slated for 900 MW capacity, together representing 1.8 GW of new renewable generation.

Both projects will sell electricity to the Egyptian Electricity Transmission Company (EETC) under long‑term power‑purchase agreements.

The golden licence, defined in Investment Law No 72 of 2017, consolidates all permits needed for construction, operation and management, cutting the need for multiple administrative approvals.

Shadwan Wind Power, a joint‑stock company, targets completion by 31 March 2028 and expects to create roughly 2,500 construction jobs and 50 permanent roles over a 25‑year operating period, with priority given to residents of the Red Sea Governorate and nearby regions.

The Ras Shokeir project will follow a build‑own‑operate (BOO) model, aiming for completion on 1 November 2028 after a 24‑month construction phase, and is projected to generate about 800 construction jobs and 25 permanent positions.

Key investors include Scatec and EDF Power Solutions for Shadwan, while the Ras Shokeir consortium comprises Shokeir Wind Energy, ENGIE (35 % stake), Aeolus/Toyota Tsusho (40 % stake) and Orascom Construction (25 % stake).

While the licences streamline regulatory steps, they do not guarantee financing, construction completion or grid connection, which remain contingent on further investment and infrastructure readiness.