Africa-focused renewable energy developer Infinity Power is to commence construction of its 200 MW onshore wind project in Ras Ghareb, Egypt this month. The project is a joint venture between Abu Dhabi Future Energy Company (Masdar) and Egypt’s Infinity Energy S.A.E., and marks a major step forward in the country’s clean energy transition.
The Ras Ghreb region is a favourite staging point for wind power plants. In April this year Orascom Construction started commercial operations of Egypt’s largest wind farm inthe same region signaling its popularity.
Financing Secured for the Flagship Project
A Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) was signed in August 2024, paving the way for construction to begin in September 2025. Total project financing amounts to USD 164 million, secured from a consortium of international lenders including the European Bank for Reconstruction and Development (EBRD), Japan International Cooperation Agency (JICA), and Proparco (Société de Promotion et de Participation Pour la Coopération Économique).
The EBRD’s package alone totals USD 74.1 million and includes a senior loan of up to USD 60.7 million, a concessional loan of up to USD 3.38 million from the Green Climate Fund (GCF), and an investment grant of up to USD 10 million.
Building a Clean Energy Future
The Ras Ghareb wind farm will be developed under an Engineering, Procurement and Construction (EPC) contract with PowerChina. Once operational in the summer of 2027, the facility will generate approximately 810,000 MWh of clean electricity each year—enough to power around 311,000 homes. The project is also expected to offset roughly 400,000 tonnes of carbon dioxide emissions annually, significantly contributing to Egypt’s renewable energy targets.
A Strategic Joint Venture
Infinity Power is jointly owned by Masdar (majority shareholder) and Infinity Energy S.A.E. Established in 2019, the company is pursuing an ambitious pipeline of renewable energy projects across Africa, with a target of 10 GW of capacity. The Ras Ghareb wind farm is among its flagship projects and reinforces Egypt’s position as a regional hub for sustainable energy investment.
Factsheet: Ras Ghareb Wind Farm
-
Location: Ras Ghareb, Egypt
-
Capacity: 200 MW onshore wind
-
Ownership: Infinity Power (Masdar & Infinity Energy S.A.E.)
-
Financing: USD 164 million from EBRD, JICA, and Proparco
-
EBRD Contribution: USD 74.1 million (senior loan, concessional loan & grant)
-
Power Purchase Agreement: Signed with EETC (August 2024)
-
EPC Contractor: PowerChina
-
Expected Completion: Summer 2027
-
Annual Output: ~810,000 MWh of clean electricity
-
Households Powered: ~311,000
-
CO₂ Emissions Avoided: ~400,000 tonnes annually
-
Infinity Power Target: 10 GW of renewable capacity across Africa
