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Masdar, the UAE’s clean energy giant, and Infinity Power have officially signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to supply renewable energy from a landmark onshore wind farm located in Ras Ghareb, in the Gulf of Suez region.
The wind farm, once completed, will have a capacity of 200 MW and is expected to generate 810,000 MWh annually. This project is projected to prevent 403,672 tonnes of CO2eq emissions per year, aligning with Egypt’s sustainability goals.
This project is part of Infinity Power’s ongoing efforts to expand its renewable energy portfolio across Africa. The company, the largest renewable energy provider on the continent, aims to achieve 10 GW of operational renewable energy capacity by 2030. This would enable the provision of electricity to 12 million homes across Africa by the end of the decade and contribute to the reduction of an estimated 15 to 20 million tonnes of carbon dioxide emissions annually.
The signing ceremony took place at the Egyptian Cabinet in Al-Alamein city and was attended by Egypt’s Prime Minister, H.E. Dr. Moustafa Madbouly, and the UAE’s Minister of Industry and Advanced Technology, H.E. Dr. Sultan Al Jaber, who is also the COP28 President and Chairman of Masdar. The agreements were 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.
Other officials present included Dr. Mahmoud Mustafa Kamal Esmat, Egypt’s Minister of Electricity and Energy, and several senior executives from Infinity Power.
Mohamed Ismail Mansour, Chairman of Infinity Power, emphasized the significance of the Ras Ghareb wind farm, stating that it represents Infinity Power’s dedication to sustainable energy solutions and underscores its commitment to making a positive impact in Egypt’s renewables sector.
Masdar’s CEO, Mohamed Jameel Al Ramahi, highlighted the project as a crucial step in Africa’s clean energy transition. Meanwhile, Eng. Nayer Fouad, CEO of Infinity Power, reiterated the company’s ambition to position Africa as a leader in sustainable energy through projects like the Ras Ghareb wind farm.
