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    Egypt, UAE Sign MoU for Major Onshore Wind Project Development at COP27


    November 30, 2022 - Egypt Oil & Gas

     

      Egyptian President Abdelfattah El Sisi and UAE President Sheikh Mohammed bin Zayed Al Nahyan witnessed the signature of a memorandum of understanding (MoU) to develop an ambitious 10 gigawatt (GW) onshore wind project in Egypt, Wam reported.

      The MoU was signed by Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy, and Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy for Climate, and Chairman of Masdar.

      The project will be one of the largest wind farms in the world which aims to produce ten gigawatts of power. It will save about $5 billion in annual natural gas costs in addition to providing 100,000 job opportunities. Once completed, the project will produce 47,790 gigawatt hours (GWh) of clean energy annually and offset 23.8 million tons of carbon dioxide emissions - equivalent to around 9% of Egypt's current CO2 emissions.

      On this occasion, Al Jaber said, 'The scale of this mega 10 GW 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. Under the guidance of our leadership, the UAE has been at the forefront of positive climate action in the region - and globally, as reflected in the recent US-UAE Partnership for Accelerating Clean Energy (PACE). The UAE and Masdar will continue to support Egypt's net-zero goals, and we will endeavor to take forward the gains made here at COP27, as the UAE prepares to host COP28 next year.'

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