Toyota Tsusho will participate in an independent power producer (IPP) project to develop, own and operate a 900 MW wind farm in Egypt. The project will be undertaken through Aeolus, a joint venture between Toyota Tsusho group company Eurus Energy and France-based CFAO.
The project will be developed by Shokeir Wind Energy, a local company funded by Aeolus, France-based Engie and Egyptian engineering and construction company Orascom Construction. The wind farm, Gulf of Suez Wind Farm III, will be located in the Gulf of El Zayt area along the Gulf of Suez. It will comprise 86 wind turbines, each with a capacity of 10.5 MW.
Trial operation of the first 300 MW is scheduled to begin in January 2028, followed by phased capacity additions. Full commercial operation is expected to start in September 2028.
Electricity generated by the wind farm will be sold to the Egyptian Electricity Transmission Company under a 25-year power purchase agreement.
This will be Toyota Tsusho Group's third wind power project in Egypt. The group invested in Gulf of Suez Wind Farm I, with a capacity of 262.5 MW, in 2017. The project began commercial operation in October 2019. Construction of Gulf of Suez Wind Farm II, with a capacity of 654 MW, began in 2023, and commercial operation started in June 2025.
