Masdar-led consortium secures land for 10GW mega wind farm project in Egypt

Masdar-led consortium secures land for 10GW mega wind farm project in Egypt

A consortium of Abu Dhabi-headquartered Masdar, Netherlands-based Infinity Power, Africa's largest renewable energy developer, and Egyptian construction company Hassan Allam Utilities signed an agreement with Egypt's New and Renewable Energy Authority (NREA) to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt.

The wind farm, set to be one of the largest in the world, has an estimated project value of over $10 billion, according to a press statement issued by Masdar.

The land purchase pact is a crucial milestone after signing an MoU for the project with the Egyptian Electricity Transmission Company in November 2022 on the sidelines of the UN climate change conference, COP27, in Sharm El Sheikh.

The Masdar statement said the wind project would help Egypt:

- Produce 47,790 GWh of clean energy annually and reduce around nine per cent of the country's annual carbon emissions by displacing 23.8 million tonnes of carbon dioxide annually.

- Help meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030.

- Save an estimated $ 5 billion in natural gas costs annually

The statement didn't disclose the details of location or the total area to be acquired for the project.

In March, Masdar became Africa's largest operator