African Development Bank Wins "Infrastructure Deal of the Year" for Landmark 1.1 GW Suez Wind Project in Egypt at African Banker Awards 2025
Egypt, June 3 -- The African Development Bank was awarded top place in the "Infrastructure Deal of the Year" category for 2025 by The African Banker Awards, in recognition of its pivotal role in financing the transformational 1.1 GW Suez Wind Power Project in Egypt - the largest wind energy project in Africa to date.Situated in the Gulf of Suez, the project is being developed by Suez Wind Energy S.A.E., a special purpose vehicle formed by ACWA Power and HAU Energy B.V. (a consortium comprising Hassan Allam Utilities, Meridiam, and EBRD), with Oman Investment Authority and the Sovereign Fund of Egypt as equity partners. The 1.1 GW wind farm will incorporate 138 Envision turbines, each boasting an 8MW capacity, marking the inaugural deploymen...
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