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Masdar, the UAE’s leading clean energy company, and Infinity Power have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to supply renewable energy from a new onshore wind project in Ras Ghareb, located in the Gulf of Suez region.
The wind farm will have a capacity of 200 MW and is expected to generate 810,000 MWh annually. This project is estimated to reduce carbon dioxide emissions by 403,672 tonnes per year, supporting Egypt’s sustainability goals.
This project represents a significant addition to Infinity Power’s expanding portfolio. As the largest renewable energy company in Africa, Infinity Power aims to reach 10 GW of operational renewable energy capacity by 2030. This target could supply electricity to 12 million homes across Africa and reduce carbon dioxide emissions by an additional 15 to 20 million tons per year.
The signing ceremony, held at the Egyptian Cabinet in Al-Alamein city, was attended by high-profile dignitaries, including H.E. Dr. Moustafa Madbouly, Prime Minister of Egypt, and H.E. Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President, and Chairman of Masdar. The agreement was 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 the New and Renewable Energy Authority (NREA).
Also present were Dr. Mahmoud Mustafa Kamal Esmat, Minister of Electricity and Energy, Sabah Mashali, Deputy Minister of Electricity and Energy, Mohamed Ismail Mansour, Chairman of Infinity Power, Hisham El Gamal, Director of Government Affairs at Infinity Power, Mokhtar AbulAta, Director of North Africa at Infinity Power, and Nourhan Ghareeb, Head of Legal at Infinity Power.
Commenting on the project, Mohamed Ismail Mansour, Chairman of Infinity Power, stated, “We are excited to announce the construction of the Ras Ghareb wind farm, a project that symbolizes Infinity Power’s steadfast commitment to advancing sustainable energy solutions. This initiative not only expands our footprint in Egypt but also signifies another big stride in bolstering our local impact in the renewables sector, creating valuable jobs. We remain committed to elevating our contributions to a cleaner, greener future.”
Mohamed Jameel Al Ramahi, CEO of Masdar, added, “Through Infinity Power, a Masdar Infinity company and the largest pure-play renewable energy provider in Africa, we will deliver 200 megawatts (MW) of clean energy to the Egyptian Electricity Transmission Company (EETC), producing over 800,000 MWh and offsetting more than 403,000 tonnes of emissions annually. This project marks another milestone in our journey to unlocking Africa’s clean energy potential and further advancing the clean energy transition.”
Eng. Nayer Fouad, CEO of Infinity Power, emphasized, “The addition of the Ras Ghareb wind farm to our growing roster reinforces our commitment to positioning Africa as a leader in sustainable energy. This is one of the many steps we will take as we pursue our ambition to develop renewable energy projects in every part of Africa.”
