Infinity Power — a joint venture between renewables giant Masdar and Egypt’s Infinity — has broken ground on its 200 MW Ras Ghareb wind farm in the Gulf of Suez, according to a press release (pdf). Construction is set to begin under an engineering, procurement, and construction contract recently signed with PowerChina Huadong Engineering Corporation.

The details: We already knew that the project will cost around USD 216.7 mn and is expected to come online by May 2027. It is being developed under a power purchase agreement signed with the Egyptian Electricity Transmission Company in August 2024. The project is set to cut CO2 emissions by 400k tons per year and power more than 300k homes.

REMEMBER- The project reached financial close back in September, after securing a USD 74.1 mn financing package led by the European Bank for Reconstruction and Development.

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