Egypt designates land to build 10 GW wind energy project with $10B investments

Egypt has officially inked an agreement to designate land for the establishment of a $10 billion wind energy power station. The primary objective of this agreement is to build a 10-gigawatt wind energy power station west of Sohag.

 

The project is a collaboration between an alliance consisting of Abu Dhabi Future Energy Company - Masdar, Hassan Allam Utilities Company, and Infinity Power Company.

 

This project is part of the memorandum of understanding signed during COP27 in Sharm El Sheikh in November 2022 between the alliance, the Egyptian Electricity Transmission Company, and the New and Renewable Energy Authority.

 

The signing ceremony was in the presence of Prime Minister, Mostafa Madbouly.

 

The Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that this 10 GW wind energy project is the largest of its kind in the Middle East and one of the largest onshore wind projects globally.

 

Upon completion, the project is expected to generate approximately 48,000 GWh of clean energy annually, avoiding the emission of around 23.8 million tons of carbon dioxide.

 

The project is also anticipated to provide about 23,000 direct and indirect job opportunities during both the implementation and operational phases.

 

Minister Shaker confirmed that this project aligns with Egypt's energy strategy to achieve a 42 percent renewable energy mix by 2030.