UAE President, Egyptian Counterpart Witness the Agreement to Develop One of World's Largest Onshore Wind Projects in Egypt
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Abdel Fattah El Sisi of Egypt witnessed the signing of an agreement between Masdar along with its Infinity Power joint venture with Infinity to develop a 10-gigawatt (GW) onshore wind project in Egypt – one of the largest wind farms in the world.
November 09, 2022. By News Bureau
The Memorandum of Understanding was signed Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy for Climate, and Chairman of Masdar, and Dr. Mohamed Shaker El-Markabi, Egypt's Minister of Electricity and Renewable Energy, on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, "With this agreement to develop our largest ever project, Masdar is proud to bolster our contribution to Egypt's renewable energy goals, while strengthening our partnerships with Infinity Power and Hassan Allam Utilities, and building on our relationship with the Egyptian Government. We are confident this project will help provide clean and sustainable energy to Egypt's people while ensuring the country meets its decarbonisation commitments."
Mohamed Ismail Mansour, Chairman - Infinity Power, said, "We are proud to be working on this project in association with our partners, enabling the Egyptian government to build upon their efforts to deploy effective solutions that confront the global issue of climate change. The project will enable the country to save vast amounts of natural gas; thereby attaining economic growth, reduce carbon emissions and provide greater access to sustainable energy sources, enabling Egypt to move forward in its journey towards becoming a green economy."
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