- The power plant will generate 47.8 TWh/year.
- A green hydrogen manufacturing facility will be developed and operational by 2026.
The Egyptian Ministry of Electricity and Renewables Energy has signed a Memorandum of Understanding (MoU) with Masdar, Infinity Power Holding (a joint venture between Masdar and Egypt’s Infinity) and Hassan Allam Utilities to develop a 10 GW onshore wind project in Egypt. The power plant will generate 47.8 TWh/year. Sultan Ahmed Al Jaber signed the memorandum of understanding, UAE Minister of Industry and Advanced Technology, UAE Special Envoy for Climate, and Chairman of Masdar, and Mohamed Shaker El-Markabi, Egypt’s Minister of Electricity and Renewable Energy, on the sidelines of COP27 in Sharm El-Sheikh.
Al Jaber said: “The scale of this mega 10GW onshore wind project – one of the largest winds farms in the world – is a testament to the renewable energy ambitions of the United Arab Emirates and the Republic of Egypt, and demonstrates Masdar’s status as a global leader in clean energy.”
The project will be part of Egypt’s Green Corridor initiative, a grid dedicated to renewable energy projects. It will contribute to Egypt’s goal of ensuring renewable energy makes up 42% of its energy mix by 2035. The wind farm will also save Egypt an estimated $5bn in annual natural gas costs and help create as many as 100,000 jobs. Nayer Fouad, CEO of Infinity Power, said: “It has always been our endeavour to create opportunities where organisations and governments can shift to a more sustainable and renewable energy source”. Also, in the project’s first phase, a green hydrogen manufacturing facility will be developed and operational by 2026, producing 100,000 tonnes of e-methanol annually for bunkering in the Suez Canal.