Monday, October 2 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Sep 25
Week of Sep 18
Week of Sep 11
Week of Sep 04
Week of Aug 28
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Masdar, partners advance plan for 10-GW wind complex in Egypt

    June 7, 2023 - SeeNews Renewables


      June 7 (Renewables Now) - UAE-based renewables major Masdar and its partners have struck a deal with Egypt’s New and Renewable Energy Authority (NREA) to secure land for a 10-GW onshore wind complex they are planning to build in the North African country.

      The project, which involves also Masdar's joint venture Infinity Power and Cairo-based partner Hassan Allam Utilities, is touted as one of the largest onshore wind developments in the world with an estimated value of more than USD 10 billion (EUR 9.36bn).

      The signing of the land agreement was witnessed by Egypt's prime minister Moustafa Madbouly, UAE's industry minister and Masdar chairman Sultan Al Jaber and other government officials and company representatives.

      When operational, the wind complex is expected to generate 47,790 GWh of clean energy per year and cut Egypt's carbon emissions by around 9%.

      The mega project will support Egypt's goal of reaching 42% renewables by 2030 and help the country save an estimated USD 5 billion in natural gas costs annually.

      The land agreement follows the signing of a memorandum of understanding (MoU) on the initiative between Masdar, its partners and the Egyptian Electricity Transmission Company during the COP 27 summit in Sharm El-Sheikh last November.

      The ambitious project is not the only initiative of the three companies in Egypt. During COP 27, Masdar, Infinity Power and Hassan Allam Utilities sealed deals with Egyptian state-backed organisations to develop production facilities for green hydrogen and its derivatives, targeting a capacity of 4 GW by 2030, and an output of up to 480,000 tonnes per year.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.