Startup

Hassan Allam, Masdar, and Infinity Power sign agreement to build a 10 GW wind project in Egypt

Hassan Allam, Masdar and Infinity signed an MoU agreement to develop a 10-gigawatt (GW) onshore wind project in Egypt. This farm is considered to be one of the largest wind farms in the world.

The MoU was signed on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh.

When completed, the 10 GW wind farm will produce 47,790 GWh of clean energy annually and offset 23.8 million tonnes of carbon dioxide emissions, which is equivalent to around 9% of Egypt’s current CO2 emissions. The project will be part of Egypt’s Green Corridor initiative dedicated to renewable energy projects and will contribute to Egypt’s goal of ensuring renewable energy makes up 42% of its energy mix by 2035.

“With this agreement to develop our largest-ever project, Masdar is proud to bolster our contribution to Egypt’s renewable energy goals, while strengthening our partnerships with Infinity Power and Hassan Allam Utilities, and building on our relationship with the Egyptian Government. We are confident this project will help provide clean and sustainable energy to Egypt’s people while ensuring the country meets its decarbonization commitments,” Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said.

Earlier this year, Masdar and Hassan Allam Utilities signed two MoUs with Egypt’s state-backed organizations to cooperate on the development of 4 GW green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast.

The post Hassan Allam, Masdar, and Infinity Power sign agreement to build a 10 GW wind project in Egypt appeared first on WAYA.

Leave a Reply

Your email address will not be published. Required fields are marked *

X