The United Arab Emirates (UAE) and Egypt have signed an agreement to co-develop a large-scale wind farm, set to be one of the largest worldwide once completed.
The agreement was signed by UAE renewable developer Masdar and Egyptian renewable firms, Infinity and Hassan Allam, in the presence of H.E. Sheikh Mohamed bin Zayed Al-Nahyan, President of the UAE, and H.E. Abdel Fattah al-Sisi, President of Egypt, on the sidelines of the COP27 event in Egypt.
Located in Egypt, the onshore wind energy project will have the capacity to produce up to 10 GW of electricity, equating to 47,790 GWh of clean energy per year.
In addition to power generation, the wind energy project will offset approximately 23.8 million tons of emissions while saving the North African country an estimated $5 billion in annual natural gas costs and creating up to 100,000 employment opportunities.
“With this agreement to develop our largest project, Masdar is proud to bolster our contribution to Egypt’s renewable energy goals,” stated Mohamed Jameel al-Ramahi.