UAE’s Masdar and Infinity Power to Develop 200-Megawatt Wind Farm in Egypt

UAE’s Masdar and Infinity Power to Develop 200-Megawatt Wind Farm in Egypt’s Gulf of Suez

A consortium led by Mazdarin and Infinity Power will build a 200 MW wind farm in Egypt’s Gulf of Suez, the Egyptian cabinet announced on Saturday.

Attending the signing event in New Alamein City was Egyptian Prime Minister Mostafa Madbouly. It is the most recent in a string of agreements meant to expand Egypt’s market for renewable energy.

Mahmoud Esmat, the Minister of Electricity and Renewable Energy in Egypt, and Sultan Al Jaber, the Minister of Industry and Advanced Technology in the United Arab Emirates, were both present at the signing event.

The agreement reflects Egypt’s strategy to maximize the share of renewable energy in Egypt’s energy mix and to encourage private sector participation in the construction of solar and wind power plants.

Mohamed El-Khayat, Chairperson of the New and Renewable Energy Authority, signed the agreements; Salah Izzat, Chairperson of the Egyptian Electricity Transmission Company, Nair Fouad, Managing Partner of Infinity Power; and Mohamed Jameel Al Ramahi, CEO of Masdar.

Under the agreements, the consortium will develop, finance and operate the project, which is expected to begin commercial operation in October 2026. The project will contribute to increasing the share of renewable energy in the electricity mix and strengthen the country’s efforts to achieve it. Renewable energy targets.

Following the signing ceremony, Prime Minister Madbowli underlined the commitment to implement more targeted renewable energy projects as part of the country’s plan to expand electricity generation from these sustainable sources and reduce reliance on conventional energy sources.

“There is a strong belief that the future of energy in Egypt lies in renewable energy. Therefore, it is critical to explore ways to integrate as much renewable energy as possible into the electricity grid,” Madbowli said.

Essmat added that the project is in line with the government’s plan to develop the renewable energy sector to maximize revenue, utilize available natural resources, reduce the use of fossil fuels and consequently reduce carbon emissions.

The minister said that we are happy to collaborate with Masdar, a leading company in the renewable energy sector of the UAE, to implement this important project. “The country has adopted an ambitious plan to improve the power sector in all areas, primarily by maximizing utilization of renewable energy sources and encouraging investment in the sector.”