UAE-led consortium secures land for $10bn wind farm in Egypt

Masdar

A consortium led by Masdar, the UAE’s state-owned renewable energy company, has signed a land access agreement with the Egyptian government for a $10 billion onshore wind farm.

The other partners are Infinity Power, a joint venture between Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor.

The agreement will give the consortium access to a 3,025 sq km area in West Suhag, allowing it to conduct the necessary development studies to progress the 10 gigawatts (GW) project.

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The studies include resource measurement campaigns, geotechnical and topographic surveys, and environmental studies to ensure minimal environmental impact.

The findings will be vital in progressing towards construction.  

The wind project will produce 47,790 GWh of clean energy per year and cut around 9 percent of Egypt’s annual carbon emissions by displacing nearly 24 million tonnes of carbon dioxide annually. 

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The wind farm will help Egypt meet its objective of sourcing 42 percent of its energy from renewables by 2030. 

The project will save the country an estimated $5 billion in natural gas costs annually.

“At 10 GW, this project is pushing the limits of innovation and scale as we work to help unlock Africa’s clean energy potential and further advance its energy transition,” said Masdar CEO Mohamed Jameel Al Ramahi.

The initial project agreement to develop the 10 GW wind farm was signed between the consortium and the state-backed Egyptian Electricity Transmission Company in late 2022 on the sidelines of the UN climate change conference (Cop27).