Infinity Power, an African renewable energy developer, together with Hassan Allam Utilities, an investment platform, and Masdar have signed a Land Access Agreement with the Egyptian Government for the consortium’s 10GW capacity onshore wind farm in Egypt
This wind farm is poised to be one of the largest in the world, with a project value exceeding US$10bn.
The agreement grants the consortium access to a 3,025 sq km area of land located in West Suhag. It enables the consortium to conduct essential development studies to advance the project, including resource measurement campaigns, geotechnical and topographic surveys, and environmental studies to ensure minimal environmental impact.
Clean energy
This wind project is projected to generate 47,790 GWh of clean energy annually and reduce around 9% of Egypt’s yearly carbon emissions by displacing 23.8 million tonnes of carbon dioxide annually. Furthermore, the wind farm will aid Egypt in achieving its strategic goal of sourcing 42% of its energy from renewables by 2030. It is estimated that the 10 GW wind farm will save the country approximately US$5bn in natural gas costs per year.
Masdar’s CEO, Mohamed Jameel Al Ramahi, said, “Masdar, its joint venture Infinity Power, and our partner Hassan Allam Utilities, is supporting Egypt to deliver its ambitious renewable energy targets. I congratulate Egypt’s leadership on this major milestone for the country, with what is set to be one of the largest wind farms on the planet. At 10GW, this landmark 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.”
Amr Allam, co-CEO of Hassan Allam Holding, said, "In a significant move towards a more sustainable future for Egypt, the signing of the Land Access Agreement for the 10GW wind farm project alongside our esteemed partners, Infinity Power and Masdar, marks a pivotal moment. This initiative underscores our commitment to clean energy and environmental responsibility, and we are proud to be part of this transformative project that will have a positive impact on our nation's energy landscape and beyond."
Mohamed Ismail Mansour, chairman, Infinity Power said, "We are excited to be moving to the next step of the development of our 10GW wind farm in Egypt and cannot wait to see it progress. Not only will this project deliver substantial benefits during construction and operation, creating jobs for local people and investing in their local communities, the impact of the energy uplift will be amazing to see. This source of clean, affordable energy will save Egypt money, reduce emissions and power industry across the country.”
Nayer Fouad, CEO, Infinity Power added, "This wind farm is an ambitious and important project, set to be one of the largest in the world, and we’re delighted to be taking this step forward. It’s a hugely important project for Egypt and the wider region, and also highlights Infinity Power as a leading investment platform in renewable energy, able to deliver renewable projects on the largest scale. This project will also show that, by setting bold targets, countries can embrace and adopt renewable energy and transform their energy mix."