A consortium led by Abu Dhabi's Masdar and including Hassan Allam Utilities and Infinity Power has signed an agreement with the Egyptian New and Renewable Energy Authority (NREA) to secure a plot of land to build a 10-gigawatt wind farm in Egypt with more than $10 billion in investments.
It is considered to be one of the largest wind farms in the world. It will produce 47,790 gigawatt-hour of clean energy annually.
The project will allow Egypt to save annual natural gas costs estimated at $5 billion. It will be part of the country’s efforts of sourcing 42 percent of its energy from renewables by 2030.
