Masdar, a leading clean energy company from the UAE, and Infinity Power, Africa’s largest renewable energy firm, have officially signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). This agreement is for a new onshore wind project in Ras Ghareb, located in the Gulf of Suez region.
The planned wind farm will have a capacity of 200 megawatts (MW) and is expected to generate 810,000 megawatt-hours (MWh) of clean energy each year. This production will help avoid approximately 403,672 tonnes of carbon dioxide equivalent emissions annually, supporting Egypt’s sustainability goals.
Infinity Power, which aims to reach 10 gigawatts (GW) of renewable energy capacity by 2030, views this project as a significant addition to its expanding portfolio. The company’s goal is to provide electricity to 12 million homes across Africa by the end of the decade and to cut around 15 to 20 million tonnes of carbon dioxide emissions annually.
The signing ceremony took place in Al-Alamein city, Egypt, and was attended by several high-profile officials, including Dr. Moustafa Madbouly, the Prime Minister of Egypt, and Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 President. 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 NREA.
Mohamed Ismail Mansour, Chairman of Infinity Power, emphasized that the Ras Ghareb wind farm represents a significant step forward in expanding renewable energy in Egypt and creating new job opportunities. Mohamed Jameel Al Ramahi from Masdar highlighted that the project is a key milestone in advancing Africa’s clean energy potential.
