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CARBON PROJECT

Ras Ghareb Wind Energy Project

Gold Standard · GS11557 · Egypt

All projects Open in the registry
Credits issued
2,815,970
tonnes CO₂-equivalent
Credits retired
30,759
1% of issued
Remaining
2,785,211
issued and not yet retired
Status
Active
Gold Standard Certified Project

About this project

The Ras Ghareb Wind Energy project (here after also referred to as “Project”) has an installed capacity of 262.5 MW. The Project is a Non-Conventional Renewable Energy (NCRE) generation plant that will be developed in Ras Ghareb on the Gulf of Suez, Egypt, by an Independent Power Producer (IPP). The project is an alternative to dispatching existing and developing new, fossil fuel based and greenhouse gas (GHG) intensive, power generation plants connected to the electricity grid (the baseline situation). The substitution of the generation of more GHG intensive electricity will lead to GHG emission reductions that will be monitored during the lifetime of the project activity. This project activity is a voluntary initiative of the project participants and Ras Ghareb Wind Energy SAE (RGWE) as the Project Developer. The relation between the Project Participants is based on a tender for the right to build, own and operate the project based on a Power Purchase Agreement with EETC. Ras Ghareb Wind Energy SAE, which is a consortium of ENGIE (France), Toyota Tsusho – Eurus (Japan) and Orascom Construction (Egypt), submitted a successful proposal and was awarded with the right to develop the project. The RGWE project will be connected to Egypt’s national grid and all its energy will be sold to EETC based on the tariff established by the auction process. The project achieved financial close on 14 December 2017, which is the date where construction agreements were enacted, and is expected to reach full commercial operations around 24 months later. The project boundary includes the project power plant and each of its power units and all power plants/units physically connected to the same electricity grid that the power plant is connected to. The RGWE project is aligned with Egypt’s governmental policies to increase NCRE generation to 30% of total energy demand by 2035. To pursue this objective and the resulting GHG mitigation, Egypt has enacted diverse incentives and promotional policies and is planning to establish a national, or even regional, carbon market to attract foreign direct investment.

The record

Project ID
GS11557
Registry
Gold Standard
Type
Wind · Renewable Energy
Removal or reduction
Reduction
Methodology
—
Developer
Ras Ghareb Wind Energy SAE · 1 project
Country
Egypt
First vintage
2020
Crediting period
2020-12-22 to 2030-12-21
Estimated yearly credits
583,360
Scale
Large Scale · Standalone
Sustainable Development Goals
Goal 7: Affordable and Clean Energy · Goal 4: Quality Education · Goal 13: Climate Action
Data from
Berkeley VROD v2026-08 + Gold Standard registry

Community involvement

The registry record we hold does not describe the communities involved.

Registry documents (the project design document and validation report) normally cover consultation and benefit-sharing; open the record in the registry to read them.
Sustainable Development Goals claimed: Goal 7: Affordable and Clean Energy · Goal 4: Quality Education · Goal 13: Climate Action

Status and timeline

Registry status
Gold Standard Certified Project (Active)
First credits (vintage)
2020
Crediting period
2020-12-22 to 2030-12-21
Credits issued
2,815,970 (retired 30,759)

Credits by vintage year

Issued and retired, tonnes CO₂-equivalent

Location

Country only The registry gives the country only, so the project is not drawn on the map

The registry gives Egypt as the location, so this project is not drawn on the map. It is counted in the country totals.

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Credit totals and status are as compiled in the Berkeley Voluntary Registry Offsets Database v2026-08 (CC BY 4.0) and change as the registries update. Please check the registry record before you quote a figure.
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