Masdar, partners sign land access deal for 10-GW wind farm in Egypt

UAE's renewables major Masdar, its joint venture Infinity Power and Cairo-based partner Hassan Allam Utilities on Wednesday signed a land access agreement for their 10-GW onshore wind project in Egypt with the country’s government.

The signing, witnessed by Egyptian Prime Minister Moustafa Madbouly, is a big step towards the construction of the mega project, the consortium says in an announcement.

The agreement gives the partners access to 3,025 sq km of land in West Suhag and will enable them to conduct studies to progress the project, such as resource measurement, geotechnical surveys and environmental studies.

The consortium signed the initial project agreement to develop the 10-GW wind farm with the Egyptian Electricity Transmission Company on the sidelines of COP27 in 2022.

"This wind farm is an ambitious and important project, set to be one of the largest in the world, and we’re delighted to be taking this step forward. It’s a hugely important project for Egypt and the wider region, and also highlights Infinity Power as a leading investment platform in renewable energy, able to deliver renewable projects on the largest scale,” commented Infinity Power chief executive Nayer Fouad.

According to the partners, the huge wind project will generate 47,790 GWh a year, cutting around 9% of Egypt’s annual carbon emissions. It will also help Egypt meet its target of 42% renewable power by 2030 and save an estimated USD 5 billion (EUR 4.6bn) in natural gas costs per year.

(USD 1 = EUR 0.926)

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