UAE developer Masdar and Infinity Power have officially signed a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by a 200MW onshore wind farm, in Ras Ghareb, Gulf of Suez region.
Once constructed, the project will produce an estimated 810.000MWh per year and will serve as the latest in a series of developments to expand Infinity Power’s portfolio.
The official signing ceremony, held at the Egyptian Cabinet in Al-Alamein city, was witnessed by Prime Minister of Egypt Moustafa Madbouly, and UAE Minister of Industry and Advanced Technology, COP28 President, and Masdar chairman Ahmed Al Jaber.
The agreements were signed by Masdar chief executive Mohamed Jameel Al Ramahi, Infinity Power chief executive Nayer Fouad, EETC acting chairman Salah Ezzat and NREA chief executive Mohamed El-Khayat.
Also in attendance were Minister of Electricity and Energy Mahmoud Mustafa Kamal Esmat, Deputy Minister of Electricity and Energy Sabah Mashali, Infinity Power chairman Mohamed Ismail Mansour, Director of Government Affairs Hisham El Gamal, Infinity Power, Infinity Power director of North Africa Mokhtar AbulAta and Infinity Power head of legal Nourhan Ghareeb.
Mansour said: “We are excited to announce the construction of the Ras Ghareb wind farm, a project that symbolises Infinity Power’s steadfast commitment to advancing sustainable energy solutions.
“This initiative not only expands our footprint in Egypt but also signifies another big stride in bolstering our local impact in the renewables sector, creating valuable jobs.
“We remain committed to elevating our contributions to a cleaner, greener future.”
Al Ramahi added: “Through Infinity Power, a Masdar Infinity company, we will deliver 200MW of clean energy to the Egyptian Electricity Transmission Company (EETC), producing over 800,000MWh and offsetting more than 403,000 tonnes of emissions annually.
“This marks another milestone in our journey to unlocking Africa’s clean energy potential, and further advancing the clean energy transition.”
The organisation is targeting 10GW of operational renewable energy by 2030. This has the capacity to provide electricity to 12 million homes across the continent by the end of this decade and would contribute a further reduction of approximately 15 to 20 million tons of carbon dioxide emissions per year.
“The addition of the Ras Ghareb wind farm to our growing roster reinforces our commitment to positioning Africa as a leader in sustainable energy,” said Fouad.
“This is one of the many steps we will take as we pursue our ambition to develop renewable energy projects in every part of the nation.”