{"id":672080,"date":"2025-09-18T00:00:00","date_gmt":"2025-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/18\/infinity-masdar-reach-financial-close-on-200-mw-ras-ghareb-wind-farm\/"},"modified":"2025-09-18T00:00:00","modified_gmt":"2025-09-18T00:00:00","slug":"infinity-masdar-reach-financial-close-on-200-mw-ras-ghareb-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/18\/infinity-masdar-reach-financial-close-on-200-mw-ras-ghareb-wind-farm\/","title":{"rendered":"Infinity, Masdar reach financial close on 200 MW Ras Ghareb wind farm"},"content":{"rendered":"

Our friends at Infinity Power and UAE\u2019s Masdar will break ground on <\/strong>their 200 MW Ras Ghareb wind farm within weeks<\/strong> after securing a USD 74.1 mn financing package led by the European Bank for Reconstruction and Development (EBRD), according to a press release (pdf)<\/a>. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The breakdown:<\/strong> The package includes a USD 60.7 mn senior loan from the EBRD and a USD 3.4 mn concessional loan from the Green Climate Fund. The wind farm will also receive a USD 10 mn investment grant, with additional co-financing coming from Japan\u2019s JICA and France\u2019s Proparco.<\/p>\n

REFRESHER-<\/strong> The Ras Ghareb wind farm is being developed by Masdar and our friends at Infinity Power under a power purchase agreement<\/a> signed with the Egyptian Electricity Transmission Company in August 2024. The project will cost around USD 216.7 mn and is expected to come online by May 2027. The wind farm was one of three projects to receive a golden license<\/a> from the Madbouly government in July.<\/p>\n

In line with our decarbonization plans:<\/strong> The wind farm is expected to cut CO2 emissions by 390k tons per year and power more than 300k homes.<\/p>\n

More than just green energy: <\/strong>The plant will \u201cenhance skills development and employment prospects by launching a certified internship program for young engineers in the region, with a particular focus on empowering women to participate in the burgeoning energy sector,\u201d the statement read. <\/p>\n

What they said:<\/strong> \u201cStrong partnerships of this kind are vital not only to delivering Egypt\u2019s clean energy ambitions but also to accelerating the wider transition towards a more sustainable future across Africa,\u201d said Infinity Power Chairman Mohamed Mansour. <\/p>\n

There\u2019s more in the pipeline for Infinity and Masdar:<\/strong> The two companies, alongside Hassan Allam Utilities, are building a USD 10 bn, 10 GW wind farm<\/a> in Sohag that is set to be one of the largest wind farms globally.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction is set to begin within weeks<\/p>\n","protected":false},"author":1,"featured_media":672081,"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":[9159],"tags":[571,72,4952,8648,2493,151,7081],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-672080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-ebrd","tag-enterpriseam","tag-infinity-power","tag-masdar","tag-ras-ghareb","tag-renewables","tag-wind-power","wpautop","entry"],"acf":{"mongo_id":"4c5cb59c-13b5-43b0-8b94-f158e59b3962","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/1077.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Infinity, Masdar reach financial close on 200 MW Ras Ghareb wind farm","related_issue":[672066],"teaser":"Construction is set to begin within weeks","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.4f2463cd-946c-43cc-8487-d8e272be4948.mp3"},"yoast_head":"\nInfinity, Masdar reach financial close on 200 MW Ras Ghareb wind farm - 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PLUS: Simplex to open new factory, USAID + Banque Misr","author":"enterpriseam admin","date":"13 June 2024","format":false,"excerpt":"The loan is for over half of the overall estimated cost of EGP 12 bn","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2539.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676712,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/04\/infinity-power-breaks-ground-on-ras-ghareb-wind-farm\/","url_meta":{"origin":672080,"position":2},"title":"Infinity Power breaks ground on Ras Ghareb wind farm","author":"enterpriseam admin","date":"4 December 2025","format":false,"excerpt":"The project will cost around USD 216.7 mn and is expected to come online by May 2027","rel":"","context":"In "RENEWABLES"","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577202,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/","url_meta":{"origin":672080,"position":3},"title":"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"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\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\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591488,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/oc-engie-toyota-inaugurate-262-5-mw-ras-ghareb-wind-farm\/","url_meta":{"origin":672080,"position":4},"title":"OC, Engie, Toyota inaugurate 262.5 MW Ras Ghareb wind farm","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Orascom Construction, Engie and Toyota have inaugurated their 262.5 MW Ras Ghareb wind farm after beginning commercial operations in October, Engie said in a press release. Ras Ghareb is Egypt\u2019s first private wind farm and is the first in the country to run under a build-own-operate (BOO) framework. Total investment\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573515,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/ebrd-to-provide-long-term-loan-to-egypt-for-large-wind-plant-in-gulf-of-suez\/","url_meta":{"origin":672080,"position":5},"title":"EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, will be one of the largest privately-built wind plants in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672080","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=672080"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672080\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/672066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=672080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=672080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=672080"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=672080"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=672080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}