{"id":577202,"date":"2022-11-14T04:00:24","date_gmt":"2022-11-14T04:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/"},"modified":"2022-11-14T04:00:24","modified_gmt":"2022-11-14T04:00:24","slug":"masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/","title":{"rendered":"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end"},"content":{"rendered":"

<\/a> Like the wind: <\/strong>Final contracts for the 10 GW Masdar-Infinity-Hassan Allam wind<\/a>farm<\/a> announced last week at COP27 could be signed before the end of the year, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq<\/a>.<\/p>\n

The timeline:<\/strong> The consortium aims to complete studies and reach financial close within 18 months of signing the contracts, El Gamal said. Construction will then begin on the first phase of the project, which will produce some 1.5-2 GW of wind power. The entire project could be completed within three years of breaking ground on Phase 1, El Gamal said.<\/p>\n

The location: <\/strong>The wind farm will be located in southern Egypt, either in Luxor or Aswan, El Gamal said. The land will be provided by government authorities under a usufruct framework, he added.<\/p>\n

Refresher: <\/strong>Our friends at Infinity Power<\/a> and Hassan Allam Utilities<\/a> together with long-time partner Masdar<\/a> signed an agreement last week to build a 10-GW onshore wind farm in Egypt, which is set to be one of the largest in the world. The plant \u2014 which will cost at least USD 10-12 bn \u2014 will have the capacity to produce nearly 48k GWh of clean energy a year.<\/p>\n

Infinity Power is also about to sign an agreement after COP27 for a separate 320 MW wind project<\/strong> in the Gabal El Zeit farm south of Ras Ghareb, El Gamal said. The company will invest at least USD 320 mn in the project, he added.<\/p>\n

Egypt has lined up a 28-GW pipeline of wind projects in recent days:<\/strong> Saudi renewable energy developer ACWA Power has signed up to build a 10-GW facility<\/a>, Orascom Construction, Engie and Toyota Tsusho will build a 3-GW farm<\/a>, and Norwegian renewable energy developer Scatec is looking at installing up to 5 GW of fresh wind capacity.<\/p>\n

That\u2019s a lot of wind:<\/strong> The combined 28 GW amounts to nearly half of the country\u2019s current installed energy generation capacity and is more than 8x the country\u2019s total renewables generation capacity.<\/p>\n

ALL THREE IN ON GREEN H2?<\/strong><\/p>\n

WATCH THIS SPACE- Masdar, <\/strong>Hassan Allam<\/strong> Utilities and Infinity will sign a <\/strong>MoU with <\/strong>the government for a USD 2 bn, 2-GW green hydrogen <\/strong>project at COP27 this Wednesday, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq<\/a> yesterday.<\/p>\n

BACKGROUND- <\/strong>Masdar and HAU announced plans to establish green hydrogen plants in Egypt back in April<\/a>. Hassan Allam Holding CEO Amr Allam said last month<\/a> that the two companies will invest USD 10 bn in the project, which is expected to produce up to 480k tons of green hydrogen a year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Like the wind: Final contracts for the 10 GW Masdar-Infinity-Hassan Allam windfarm announced last week at COP27 could be signed before the end of the year, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq. The timeline: The consortium aims to complete studies and reach financial close within 18 months of signing the contracts, […]<\/p>\n","protected":false},"author":1,"featured_media":577203,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7207],"tags":[228,93,72,4952,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cop27","tag-energy","tag-enterpriseam","tag-infinity-power","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"c9e57ab8-1858-47df-b73a-6c5e6a18b868","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/214.jpg","photo_position":"above","related_issue":[577198],"teaser":"","voice_url":""},"yoast_head":"\nMasdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end\" \/>\n<meta property=\"og:description\" content=\"Like the wind: Final contracts for the 10 GW Masdar-Infinity-Hassan Allam windfarm announced last week at COP27 could be signed before the end of the year, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq. The timeline: The consortium aims to complete studies and reach financial close within 18 months of signing the contracts, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-14T04:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/214.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end\",\"datePublished\":\"2022-11-14T04:00:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\"},\"wordCount\":433,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/214.jpg?fit=%2C&ssl=1\",\"keywords\":[\"COP27\",\"energy\",\"EnterpriseAM\",\"Infinity Power\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/\",\"name\":\"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end - 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It\u2019s almost half of the country\u2019s current installed capacity, which at the end\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590362,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/acwa-power-receives-land-in-sohag-for-10-gw-mega-wind-farm\/","url_meta":{"origin":577202,"position":1},"title":"ACWA Power receives land in Sohag for 10-GW mega wind farm","author":"enterpriseam admin","date":"18 July 2023","format":false,"excerpt":"Sohag could be home to 25 GW of wind generation capacity if all three planned wind farms get built; Egypt looks to source 42% of power from renewables by 2030","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588169,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/07\/masdar-led-consortium-now-has-land-for-its-10-gw-mega-wind-farm\/","url_meta":{"origin":577202,"position":2},"title":"Masdar-led consortium now has land for its 10-GW mega-wind farm","author":"enterpriseam admin","date":"7 June 2023","format":false,"excerpt":"The USD 10 bn project is expected to offset around 9% of Egypt\u2019s annual emission footprint","rel":"","context":"In \"Climate\"","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577305,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/infinity-hassan-allam-utilities-masdar-ink-2-gw-green-hydrogen-agreement-ebrd-invests-more-in-infinity\/","url_meta":{"origin":577202,"position":3},"title":"Infinity, Hassan Allam Utilities, Masdar ink 2 GW green hydrogen agreement + EBRD invests more in Infinity","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Our friends at Infinity and Hassan Allam Utilities alongside UAE clean-energy giant Masdar have inked a framework agreement for a 2 GW green hydrogen plant they will build in the Suez Canal Economic Zone. The SCZone plant will be operational by 2026, they said in a statement (pdf). The investment\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589631,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/scatec-signs-land-pact-for-5-gw-wind-farm\/","url_meta":{"origin":577202,"position":4},"title":"Scatec signs land pact for 5-GW wind farm","author":"enterpriseam admin","date":"6 July 2023","format":false,"excerpt":"The USD 5 bn plant will be key to helping Egypt achieve its ambitious renewable energy targets","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/150.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660309,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/10\/masdar-hassan-allam-utilities-infinity-power-secure-land-for-dakhla-oasis-solar-power-plant\/","url_meta":{"origin":577202,"position":5},"title":"Masdar, Hassan Allam Utilities, Infinity Power secure land for Dakhla Oasis solar power plant","author":"enterpriseam admin","date":"10 February 2025","format":false,"excerpt":"The trio\u2019s planned 1.2 GW worth of solar projects in the Dakhla Oasis and Benban will have a total price tag of around USD 1 bn","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/797.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577202"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577202\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577203"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577202"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577202"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}