Masdar and Infinity Power have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for the long-term supply of renewable energy generated by an onshore wind project located in Ras Ghareb, Gulf of Suez region.
“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,” said Eng. Nayer Fouad, CEO of Infinity Power.
The wind farm will have a capacity of 200MW when complete and is estimated to produce 810,000MWh per year.
Infinity Power itself is targeting 10GW of operational renewable energy by 2030.
Commenting on the announcement, Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “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 800,000MWh and offsetting more than 403,000 tonnes of emissions annually.”
Adding: “This project marks another milestone in our journey to unlocking Africa’s clean energy potential, and further advancing the clean energy transition.