Energy Egypt said to start building $11bn wind farms project from 2024 By Pramod Kumar November 21, 2022, 5:41 AM Unsplash.com A consortium comprising Abu Dhabi-owned Masdar and Infinity Power Holdings will finish building the 10GW onshore plant by 2030 Egypt will start construction of an $11 billion wind farms project in 2024, which is likely to supply electricity to Europe and Saudi Arabia, Bloomberg reported. A consortium comprising Abu Dhabi-owned Masdar and Infinity Power Holdings will finish building the 10-gigawatt (GW) onshore plant by 2030, Mohamed Mansour, chairman of Infinity Power, told the news agency. The power will be purchased by the Egyptian government and some of which may be exported through the existing and planned cables to Europe, Saudi Arabia, Sudan and Libya, he said. The companies expect to secure land for the project this year and are looking at two locations in Egypt’s western desert, one near Minya and the other Aswan, which have wind speeds that can reach 10 metres per second. The consortium also includes Egypt’s Hassan Allam Utilities. Infinity Power is a joint venture between Masdar, UAE’s renewable-energy firm, and Egypt’s Infinity. The same group is also working on an Egyptian green-hydrogen facility that may be able to produce 480,000 tonnes a year of the fuel by 2030, said Mansour. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register For Free Already registered? Sign in I’ll register later
