Masdar joint venture to build wind farm in Egypt

Infinity Power, a joint venture between Egypt’s Infinity and the UAE’s Masdar, has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for their 200-megawatt (MW) wind farm.

The onshore wind project, located in Ras Ghareb, Gulf of Suez region, is estimated to produce 810,000 megawatt-hours (MWh) annually.

Consequentially, it will cut 403,672 tonnes of CO2-equivalent emissions per year, helping to support Egypt’s sustainability ambitions.

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The value of the project and completion date were not given.

The Ras Ghareb wind farm will expand Infinity Power’s presence in Egypt’s renewable energy sector alongside its 252 MW West Bakr wind farm.

Infinity Power is targeting 10 gigawatt (GW) of operational renewable energy by 2030 with an investment of $5 billion.

The capacity will provide electricity to 12 million homes across the African continent by the end of the decade.

In June a consortium led by Masdar signed an agreement to secure land in Egypt to build a $10 billion 10GW capacity wind farm.

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During Cop27, Masdar, Infinity Power and Hassan Allam Utilities, a Cairo-based developer and investor, signed agreements with Egyptian state-backed organisations to develop green hydrogen and derivatives production facilities. 

The consortium targets a capacity of four GW by 2030 and an output of up to 480,000 tonnes of green hydrogen per year.  

Egypt, the Arab world’s third-largest economy, intends to step up solar, wind and green hydrogen projects as it grapples with declining natural gas production.

The country aims to increase power generation from renewables to 42 percent by 2035.