{"id":81069,"date":"2023-12-06T00:00:00","date_gmt":"2023-12-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/06\/we-have-more-details-on-egypts-mega-10-gw-egyptian-wind-project\/"},"modified":"2023-12-06T00:00:00","modified_gmt":"2023-12-06T00:00:00","slug":"we-have-more-details-on-egypts-mega-10-gw-egyptian-wind-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/06\/we-have-more-details-on-egypts-mega-10-gw-egyptian-wind-project\/","title":{"rendered":"We have more details on Egypt\u2019s mega 10 GW Egyptian wind project"},"content":{"rendered":"

We have a timeline on Egypt\u2019s largest wind project:<\/strong> UAE\u2019s Masdar, Hassan Allam Utilities, and I<\/a>nfinity Power<\/a> are set to start construction on their 10 GW wind farm \u2014 the country\u2019s largest wind energy project<\/a> \u2014 in 1Q 2025, Infinity Power Chairman Mohamed Mansour told Al Arabiya<\/a>. The consortium is planning to reach financial closure by 1Q 2025 with operations scheduled to begin in 2027 \u2014 approximately 2 years after construction commences, Mansour added. <\/p>\n

Who\u2019s expected to source the project funds? <\/strong>The project will cost USD 11 bn in investments \u2014 USD 1 bn more than June estimates<\/a>, Mansour told Al Arabiya. \u201cThe funding for this project will be sourced from investors outside of Egypt, meaning that there will be no delays tied to Egypt\u2019s current FX shortage,\u201d he added. <\/p>\n

About the project:<\/strong>Located in Egypt\u2019s Sohag governorate, the wind farm will offset as much as 10% of Egypt\u2019s total carbon footprint, saving the country some USD 5 bn per year by minimizing the need for natgas consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE\u2019s Masdar, Hassan Allam Utilities, and Infinity Power will break ground in 1Q 2025<\/p>\n","protected":false},"author":1,"featured_media":81070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[40,11,360,88,47,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wind","tag-egypt","tag-enterpriseclimate","tag-infinity","tag-renewables","tag-wind","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"f09699db-fe46-4719-9c03-90fd29ebaf1b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/309.jpg","photo_position":"above","homepage_title":"","full_issue_title":"We have more details on Egypt\u2019s mega 10 GW Egyptian wind project","related_issue":[81057],"teaser":"UAE\u2019s Masdar, Hassan Allam Utilities, and Infinity Power will break ground in 1Q 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.bdd5a0e7-9ec9-439b-b3e6-7db3cac8751e.mp3"},"yoast_head":"\nWe have more details on Egypt\u2019s mega 10 GW Egyptian wind project - 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