Home Industry Energy Masdar to help power up Egypt with 200MW wind project The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project by Gareth van Zyl August 18, 2024 Credit: Getty Images Egypt has partnered with a consortium led by Infinity Power and the UAE’s Masdar to build a 200-megawatt wind power plant in the Gulf of Suez. The agreements, signed on Saturday, mark a significant step in Egypt’s renewable energy efforts. The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project, located in Ras Ghareb. A Power Purchase Agreement (PPA) was signed with the Egyptian Electricity Transmission Company (EETC). Although construction timelines were not disclosed, the project is expected to begin commercial operations in October 2026. Infinity Power estimates the plant will generate 810,000 megawatt-hours of electricity annually, reducing carbon dioxide emissions by 403,672 tonnes per year. The company, which already operates the 252MW West Bakr wind farm in Egypt, aims to expand its renewable energy footprint across Africa, targetting 10 gigawatts by 2030. The project aligns with Egypt’s goal to increase the share of renewables in its energy mix, as the country seeks to add 4 gigawatts of renewable energy to its grid by next summer. The Egyptian government sees this as a crucial step towards meeting its objective of sourcing 42 per cent of its energy from renewables by 2035. Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and UAE’s Minister of Industry and Advanced Technology Sultan Al Jaber were present at the signing ceremony. This project follows previous discussions between Egyptian and UAE officials on enhancing cooperation in the energy sector. Tags Egypt energy Masdar UAE Wind Power You might also like UAE, Serbia strengthen economic partnership, exchange CEPA TAQA prices $1.75bn dual-tranche bond offering, includes green bond Tackling the surge in fraud during UAE’s peak shopping seasons UAE insurance sector reports Dhs2.5bn in profits in 2023: CBUAE