Masdar, a leading global player in clean energy, is spearheading the initiative in collaboration with its partners, Infinity Power and Hassan Allam Utilities.
Once operational, the wind farm will produce a staggering 47,790 GWh of clean energy annually, slashing Egypt’s carbon emissions by approximately 9% and displacing a colossal 23.8 million tonnes of carbon dioxide per year.
The ambitious project aligns with Egypt’s strategic objective of sourcing 42% of its energy from renewable sources by 2030.
By achieving this target, the North African nation is estimated to save a remarkable $5 billion in natural gas costs annually.
The original agreement to develop the 10GW wind farm was signed by the Abu Dhabi-headquartered Masdar, Infinity Power, and Hassan Allam Utilities during the UN climate change conference, COP27, in Egypt last year.
The presence of the presidents of the UAE and Egypt added weight to this milestone event.
In March, Masdar became the largest operator of renewables in Africa after its joint venture with Egypt’s Infinity – Infinity Power – acquired Lekela Power, a renewables developer with operations across the continent.
The Abu Dhabi group also demonstrated its commitment to African nations by signing deals to develop renewable energy projects with a combined capacity of up to 5 GW in Angola, Uganda, and Zambia, in January.