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Egypt and the United Arab Emirates are teaming up to secure land for Africa’s largest wind farm (and one of the world’s), estimated to be worth $10 billion.
Three Emirati companies – Masdar, Hassan Allam Utilities and Infinity powers – attend Cairo-Egyptian agreement signing ceremony New and Renewable Energy Authority.
With a planned installed capacity of 10 gigawatts (GW), the project will generate more than 47,790 GWh of clean energy annually, reduce Egypt’s annual carbon emissions by approximately 9 percent, and save it $5 billion in natural gas costs annually.
The project will also contribute to Egypt’s goal of sourcing 42 percent of its energy from renewable sources by 2030.
The signing ceremony was attended by Egyptian Prime Minister Mustafa Madbouli, Egyptian Minister of Electricity and Renewable Energy Mohammed Shaker, UAE Minister of Industry and Advanced Technology Sultan al-Jaber, as well as Masdar, Infinity Power and Hassan CEO of Allam Holding Hassan.
Ayman Hamza, Official Spokesperson of the Ministry of Electricity and Renewable Energy announced in december Egypt is building one of the world’s largest wind farms as part of the COP27 Climate Summit in Sharm El Sheikh.
In a telephone interview with al-Hayat channel, Hamza said the summit resulted in four agreements, including a wind farm with a capacity of 10 gigawatts at a cost of $12 billion.
Emirati Masdar, one of the world’s fastest growing renewable energy companies, whose Infinity Power signed a memorandum of understanding in November with major Egyptian renewable energy developers Infinity and Hassan Allam Utilities to develop 10 gigawatts (GW) Onshore Wind Power Project in the Gulf of Suez, Egypt.
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