Abu Dhabi Future Energy Company “Masdar” and its consortium of partners, including “Infinity Power”, the largest renewable energy company in Africa, “Hassan Allam Utilities”, specializes in sustainable infrastructure investments, announced the signing of an agreement with the “New and Renewable Energy Authority” in Egypt. The aim is to provide a plot of land designated for the construction of a wind power plant project with a production capacity of 10 gigawatts, at an investment cost exceeding $10 billion. It will be the largest wind power plant in the world when completed.

Dr Mostafa Madbouly, Egyptian Prime Minister, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of the Board of Directors of “Masdar”, and Dr Mohamed El-Marqabi, Minister of Electricity and Renewable Energy of the Arab Republic of Egypt.

As well as Mohamed Jamil Al Ramahi, CEO of Masdar, Nayer Fouad, CEO of Infinity Power, Hassan, and Amr Allam, CEOs of Hassan Allam Holding attended the signing ceremony of the agreement held in Cairo.

When completed, the wind power plant will produce 47,790 gigawatts-hours of clean energy annually and contribute to avoiding the emission of 23.8 million tonnes of carbon dioxide, equivalent to approximately 9% of Egypt’s current carbon dioxide emissions.

The project will contribute to achieving Egypt’s renewable energy goal by making up 42% of the energy mix by 2030.