Abu Dhabi Future Energy Co, with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, has signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10 GW capacity onshore wind farm in Egypt, set to be one of the largest in the world, with a project value of over US$ 10 billion.
The landmark wind project is designed to produce 47 790 GWh of clean energy per year and reduce by around 9 % 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 % of its energy from renewables by 2030. The 10 GW plant is estimated to save Egypt US$ 5 billion in natural gas costs per year.
The original agreement to develop the wind farm was signed by Masdar, Hassan Allam Utilities, Infinity Power and the Egyptian Electricity Transmission company at COP27, in Sharm El Sheikh, Egypt last year. The project is being developed by a consortium led by Masdar and its partners: Infinity Power, Masdar’s joint venture with Egypt’s Infinity, and Hassan Allam Utilities.
Egypt is the Middle East and North Africa’s most populous country and has an abundance of renewable energy sources, including wind and solar. Masdar has a large presence in Egypt with projects dating back to 2015, which represents a starting point to target the African continent through Infinity Power platform.
During COP27 last year, Masdar, Infinity Power and Hassan Allam Utilities also signed agreements with Egyptian state-backed organisations to develop green hydrogen production facilities. The consortium is targeting a capacity of 4 GW by 2030, and an output of up to 480 000 tonnes of green hydrogen per year.
Image courtesy of Masdar
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