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

The details: The project will be developed under a 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 proposal 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: An Infinity Power-Hassan Allam Utilities-Masdar consortium reportedly received the land for their USD 11 bn, 10 GW wind farm project in Sohag in in July. 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 March 2026. The consortium, alongside global energy giant BP, will also set up an 8 GW green hydrogen and ammonia plant in the Suez Canal Economic Zone.

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