A new Masdar wind project in Egypt? Egypt’s Electricity ministry is reportedly set to sign an agreement with UAE’s renewables giant Masdar for a 200 MW wind farm, a government source told Enterprise Climate. The project has an investment ticket of USD 180 mn.

The details: The project will be developed under the Build-Own-Operate model, with the Egyptian Electricity Transmission Company (EETC) set to be the offtaker of the generated electricity throughout the project’s lifetime. EETC is currently reviewing the final terms of the agreement.

What’s next? Madar is currently working with a number of unnamed banks to submit a financial statement within a month, the source added. A meeting will also be held in the upcoming weeks to discuss the plans for different phases of the project.

Masdar 💚 Egypt: The Egyptian government inked a land access agreement with Masdar, Infinity Power, and Hassan Allam Utilities for their planned USD 11 bn 10 GW wind farm project in Sohag in May. The consortium is expected to reach financial close and break ground on Egypt’s largest wind energy project — which is also set to be one of the largest wind farms globally and the largest in Africa — in 1Q 2025. The Masdar-Infinity consortium's to bring USD 10 bn for the project will take more than five years. The consortium is expected to bring in an estimated USD 10 bn in direct investments into the country through the 10 GW wind plant.

Masdar has more planned for the country: Masdar, our friends at renewables firm Infinity, Hassan Allam, and global energy giant BP will set up a USD 14 bn green hydrogen project in the Suez Canal Economic Zone. The consortium also signed a USD 12 bn agreement to build an 8 GW green hydrogen and ammonia plant and signed a Joint Development Agreement (JDA) to explore establishing a multi-phase green hydrogen in Egypt last month.

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