UAE, Egypt sign agreement to build 10-gigawatt onshore wind farm

UAE, Egypt sign agreement to build 10-gigawatt onshore wind farm

Abu Dhabi: Abu Dhabi Future Energy Company PJSC - Masdar, along with Infinity Power, Africa's largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt's New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be one of the largest in the world, with a project value of over $10 billion. The signing in Cairo was witnessed by Egyptian Prime Minister Moustafa Madbouly, Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Dr Mohamed Shaker El Markabi, Minister for Electricity and Renewable Energy, Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Nayer Fouad, Chief Executive Officer of Infinity Power, and Hassan and Amr Allam, Chief Executive Officers of Hassan Allam Holding. The landmark wind project will produce 47,790 GWh of clean energy per year and reduce around 9 percent of Egypt's annual carbon emissions by displacing 23.8 million tonnes of carbon dioxide annually. The wind farm will also help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030. The 10GW plant will save the North African nation an estimated