Infinity Power and Masdar, the UAE’s clean energy powerhouse, have officially signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by a landmark onshore wind project, located in Ras Ghareb, Gulf of Suez region.
Once constructed, the wind farm will have a capacity of 200MW and is estimated to produce 810,000MWh per year. Consequentially, it is predicted to avoid 403,672 tonnes of CO2 eq emissions per year, helping to support Egypt’s sustainability ambitions.
This venture will serve as the latest in a series of developments to expand Infinity Power’s portfolio. As the largest African renewable energy company, Infinity Power is targeting 10GW of operational renewable energy by 2030. This target will have the capability to provide electricity to 12 million homes across the African continent by the end of this decade and would contribute a further reduction of approximately 15 to 20 million tons of carbon dioxide emissions per year.
The agreements are signed by Mohamed Jameel Al Ramahi, CEO of Masdar, Eng. Nayer Fouad, CEO of Infinity Power, Salah Ezzat, Acting Chairman of EETC and Dr. Mohamed El-Khayat, CEO of NREA. The official signing ceremony, held at the Egyptian Cabinet in Al-Alamein city, was attended by H.E. Dr. Moustafa Madbouly, Prime Minister of Egypt, Dr. Mahmoud Mustafa Kamal Esmat, the Minister of Electricity and Energy, H.E. Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President, and Chairman of Masdar, Sabah Mashali, Deputy Minister of Electricity and Energy, Mohamed Ismail Mansour, Chairman of Infinity Power,Hisham El Gamal, Director of Government Affairs, Infinity Power, Mokhtar AbulAta, Director of North Africa, Infinity Power and Nourhan Ghareeb, Head of Legal, Infinity Power.
