{"id":639933,"date":"2024-08-18T00:00:00","date_gmt":"2024-08-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\/"},"modified":"2024-08-18T00:00:00","modified_gmt":"2024-08-18T00:00:00","slug":"masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\/","title":{"rendered":"Masdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm"},"content":{"rendered":"

Another <\/strong>wind farm in Ras Ghareb is officially underway: <\/strong>Our friends at renewables firm Infinity Power<\/a>, Emirati state-run renewables giant Masdar<\/a>, and the Egyptian Electricity Transmission Company (EETC) have made plans to build a 200 MW wind farm in Ras Ghareb official after inking a trilateral purchase power agreement yesterday, according to a joint statement (pdf)<\/a> from Masdar and Infinity Power. The announcement confirms an Enterprise story earlier this month<\/a> that Masdar was close to inking an agreement for the project.<\/p>\n

The details:<\/strong> The alliance will develop, finance, and operate the project, which is expected to come online in October 2026, according to a cabinet statement<\/a>. EEHC will purchase the power produced. The project will cost some USD 216.7 mn, according to a project update<\/a> by the European Bank for Reconstruction and Development, which is partially funding the project.<\/p>\n

Infinity and Masdar have more in the <\/strong>pipeline<\/strong>: <\/strong>Masdar, Infinity Power, and Hassan Allam Utilities are also building a USD 10 bn<\/a>, 10 GW wind farm project<\/a> in Sohag that is set to be one of the largest<\/a> wind farms globally and the largest in Africa. The trio, along with global energy giant BP, will also set up a USD 15 bn green hydrogen project<\/a> in the SCZone.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project comes with a USD 216.7 mn price tag<\/p>\n","protected":false},"author":1,"featured_media":639934,"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":[1284,93,72,334,4952,8648,2493,151,7081],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-eetc","tag-energy","tag-enterpriseam","tag-infinity","tag-infinity-power","tag-masdar","tag-ras-ghareb","tag-renewables","tag-wind-power","wpautop","entry"],"acf":{"mongo_id":"fa57d262-05cf-4d97-b48a-790e891ed1bc","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1480.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm","related_issue":[639923],"teaser":"The project comes with a USD 216.7 mn price tag","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.a8ce228d-3afd-479a-90a2-66315e015447.mp3"},"yoast_head":"\nMasdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm - 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\/2024\/08\/18\/masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm\" \/>\n<meta property=\"og:description\" content=\"The project comes with a USD 216.7 mn price tag\" \/>\n<meta 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