The Ras Ghareb Wind Project is a 200 MW onshore renewable energy development located in the Gulf of Suez region of Egypt’s Red Sea Governorate. Developed by Infinity Power, a joint venture between Egypt’s Infinity and the UAE’s Masdar, the project recently broke ground following the signing of an engineering, procurement, and construction (EPC) contract with POWERCHINA Huadong Engineering Corporation Limited (HDEC). Financed by a robust $74.1 million package spearheaded by the European Bank for Reconstruction and Development (EBRD), alongside the Green Climate Fund, Proparco, and JICA, the facility will supply clean electricity to the Egyptian Electricity Transmission Company under a long-term Power Purchase Agreement. Expected to generate approximately 810,000 MWh annually, the wind farm will power more than 300,000 homes and avoid roughly 400,000 tonnes of carbon dioxide emissions each year, serving as a critical component of Egypt’s Nexus on Water, Food and Energy (NWFE) initiative.

This push for rapid renewable deployment is being balanced by Egypt’s massive investment in baseload nuclear capacity, as seen with the fast-tracking of the El Dabaa Nuclear Power Plant under a reinforced $25 billion partnership with Russia. During high-level talks in Cairo in April 2026, officials reaffirmed that the 4,800 MW project—Africa’s first new nuclear plant in decades—remains firmly on schedule for its first reactor to begin operations in 2028. With over 30,000 workers currently on-site and the first reactor pressure vessel already installed as of late 2025, the four-unit VVER-1200 facility represents a cornerstone of Egypt’s long-term energy security strategy, aiming to provide up to 10% of the nation’s total electricity by its full operational target in 2030.

Project Overview

• Type: Onshore wind farm
• Location: Ras Ghareb, Gulf of Suez, Red Sea Governorate, Egypt
• Capacity: 200 MW
• Energy Output: Estimated 810,000 MWh per year (powering over 300,000 households)
• Emissions Reduction: Approximately 390,000 to 400,000 tonnes of CO₂ equivalent annually
• Financing: $74.1 million comprehensive package led by the EBRD (including a $60.7M senior loan, a $3.38M concessional loan from the Green Climate Fund, and a $10M grant), with additional co-financing from JICA and Proparco
• Offtaker: Egyptian Electricity Transmission Company (EETC) under a long-term Power Purchase Agreement (PPA)
• Strategic Framework: A flagship project under Egypt’s renewable energy programme and the EBRD-led Energy Pillar of the Nexus Water-Food-Energy (NWFE) initiative. It also supports Infinity Power’s goal of reaching 10 GW of renewable energy capacity across Africa by 2030.

Project Team

• Owner / Developer: Infinity Power (a joint venture between Infinity and Masdar)
• EPC Contractor: POWERCHINA Huadong Engineering Corporation Limited (HDEC)
• Offtaker / Government Counterpart: Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA)
• Key Financiers: European Bank for Reconstruction and Development (EBRD), Green Climate Fund (GCF), Japan International Cooperation Agency (JICA), and Proparco

 

Reported 18th September 2025: 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