Infinity Power and Masdar to develop renewable energy project in Egypt

Infinity Power is a joint venture between Infinity and Masdar. (Image source: Infinity Power)

Masdar and Infinity Power have signed a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy

The energy will be supplied by an onshore wind farm that will be located in Ras Ghareb, Egypt. When constructed, it is expected to have a capacity of 200MW and produce 810,000MWh per year.

A signing ceremony was held at the Egyptian Cabinet in Al-Alamein city and was witnessed by senior stakeholders around the project as well as Government officials including Egyptian Prime Minister Mostafa Madbouly.

“We are excited to announce the construction of the Ras Ghareb wind farm, a project that symbolises Infinity Power's steadfast commitment to advancing sustainable energy solutions,” remarked Mohamed Ismail Mansour, chairman of Infinity Power. “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.”

“Through Infinity Power, a Masdar Infinity company, we will deliver 200MW of clean energy to the Egyptian Electricity Transmission Company (EETC), producing over 800,000MWh and offsetting more than 403,000 tonnes of emissions annually,” commented Mohamed Jameel Al Ramahi, CEO of Masdar. “This marks another milestone in our journey to unlocking Africa’s clean energy potential, and further advancing the clean energy transition.”

Limitless ambition

The latest announcement is yet another addition to Infinity Power’s growing, impressive portfolio. The organisation is targeting 10GW of operational renewable energy in Africa by 2030 in a view to providing electricity to 12 million homes. In pursuit of this, the company has marked a number of milestones this year including making a 1GW energy commitment in Sierra Leone and signing a land access agreement for a 10GW wind farm in Egypt.

Nayer Fouad, CEO of Infinity Power, said, “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 the nation.”