The companies of Infinity Power, Hassan Alam Utilities and Masdar, have just signed a land access agreement with the Egyptian Government to mark another step towards the construction of 10GW Egypt Wind Farm.
The mega wind farm project is expected to be one of the largest in the world and will be constructed on a 3,025 sq km area of land acquired by the consortium in the agreement reached. Necessary development studies to enable the progress of the project will now be conducted on the land which is located in West Suhag, inclusive of the resource measurement campaigns, geotechnical and also the topographic surveys, also the environmental studies so as to ensure that there is minimal environmental impact during the execution of this mega project.
Cost of the 10GW Egypt Wind Farm Project
Once the development studies are conducted, eyes will then turn to commence construction of the US$10bn project in a process that is foreseen to deliver very significant benefits to the surrounding local communities.
Amr Allam, who is the Co-CEO of Hassan Allam Holding, said, “In a significant step towards a more sustainable future for Egypt as a nation, the signing of the land access agreement for the 10GW wind farm project alongside our esteemed partners i.e. Infinity Power and Masdar, marks a very key moment for this key project. This initiative underscores our commitment to renewable energy and environmental responsibility, indeed we are proud to be a part of this transformative project that will have a positive impact on the energy landscape of Egypt and even beyond.”
The agreement was signed by Mohamed Ismail Mansour, who holds the position of chairman of Infinity Power; Karim Hefzy, the chief operating officer at Hassan Allam Utilities; and Mohamed Asaad Taher, who holds the position of senior manager, business development and investment at Masdar. The witnesses of this agreement that was signed were were the Prime Minister of Egypt, HE Moustafa Madbouly and HE Mohamed Shaker, Minister of Electricity and Renewable Energy of Egypt.
Significance of the Project to Egypt
“We are very 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,” stated Mansour. “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.”
The initial project agreement to developing and constructing the 10GW wind farm was signed and reached between the Consortium and the Egyptian Electricity Transmission company on the sidelines of the UN climate change conference, COP27. When this mega wind farm project is delivered, it is expected to reduce around 9% of the country’s annual carbon emissions and will generate up to 47,790GWh of clean energy annually. It will represent a significant step forward in the objective of Egypt of sourcing 42% of its overall energy from renewables by the year 2030 while saving approximately US$50bn in natural gas costs annually.
KenGen to Construct 1GW Kenya Wind Firm which is set to be the Largest in Africa
PPA signed, financial close achieved for Castle Wind Farm, South Africa’s largest private wind farm
