Infinity Power, the largest African pure play renewable energy provider, has announced that it has joined hands with Masdar, the UAE’s clean energy powerhouse, to sign a major power purchase agreement with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by a landmark 200MW onshore wind project in the Gulf of Suez region. 

 

On completion, the wind farm, located in Ras Ghareb area, is estimated to produce 810,000MWh per annum. 

 

Consequentially, it is predicted to cut 403,672 tonnes of CO2eq emissions per year, helping to support Egypt’s sustainability ambitions. 

 

The signing of the Ras Ghareb wind farm deal expands Infinity Power’s presence in Egypt’s renewable energy sector, alongside its existing 252MW West Bakr wind farm, said the company in a statement.

 

This venture will serve as the latest in a series of developments to expand Infinity Power’s portfolio. As the largest African renewable energy company, Infinity Power is targeting 10GW of operational renewable energy by 2030, it stated. 

 

This target will have the capability to provide electricity to 12 million homes across the African continent by the end of this decade and would contribute a further reduction of approximately 15 to 20 million tons of carbon dioxide emissions per year, it added.

 

The agreements were signed by Mohamed Jameel Al Ramahi, CEO of Masdar, Engineer Nayer Fouad, CEO of Infinity Power, Salah Ezzat, Acting Chairman of EETC and Dr Mohamed El-Khayat, CEO of NREA in the presence of Egyptian Prime Minister Dr. Moustafa Madbouly; Minister of Electricity and Energy Dr Mahmoud Mustafa Kamal Esmat; UAE Minister of Industry and Advanced Technology and Chairman of Masdar Dr Sultan Al Jaber; Deputy Minister of Electricity and Energy Sabah Mashali as well as top Infinity Power officials including Chairman Mohamed Ismail Mansour; Director of Government Affairs Hisham El Gamal; Director of North Africa Mokhtar AbulAta and Head of Legal Nourhan Ghareeb. 

 

On the key pact, Mansour said: "We are excited to announce the construction of the Ras Ghareb wind farm, a project that symbolizes Infinity Power's steadfast commitment to advancing sustainable energy solutions."

 

"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," he noted.

 

CEO Engineer Nayer Fouad 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 Africa."

 

This venture will serve as the latest in a series of developments to expand Infinity Power’s portfolio, he stated.

 

As the largest renewable energy company in Africa, Infinity Power is targeting 10GW of operational renewable energy by 2030, which will equate to $5 billion investment. 

 

"This target will have the capability to provide electricity to 12 million homes across the African continent by the end of this decade and would contribute a further reduction of approximately 15 to 20 million tons of carbon dioxide emissions per year," he added.-TradeArabia News Service