{"id":94897,"date":"2024-08-19T00:00:00","date_gmt":"2024-08-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\/"},"modified":"2024-08-19T00:00:00","modified_gmt":"2024-08-19T00:00:00","slug":"masdar-infinity-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/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 Masdar wind farm in Egypt\u2019s Ras Ghareb is officially underway: <\/strong>State-run renewables giant Masdar<\/a>, Egyptian renewables firm Infinity Power<\/a>, and the Egyptian Electricity Transmission Company (EETC) signed a trilateral power purchase agreement to construct a 200 MW wind farm in Ras Ghareb, according to a joint statement (pdf)<\/a> from Masdar and Infinity Power. The announcement confirms an EnterpriseAM Egypt story from earlier this month<\/a> that Masdar was nearing an agreement for the project.<\/p>\n

The details:<\/strong> The consortium will develop, finance, and operate the project, with operations expected to kick off in October 2026, according to an Egyptian 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

Masdar and Infinity have more in the pipeline:<\/strong> Masdar, Infinity Power, and Hassan Allam Utilities are also building a USD 10 bn, 10 GW wind farm project<\/a> in Sohag that is set to be one of the largest 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":"

Another Masdar wind farm in Egypt\u2019s Ras Ghareb is officially underway: State-run renewables giant Masdar, Egyptian renewables firm Infinity Power, and the Egyptian Electricity Transmission Company (EETC) signed a trilateral power purchase agreement to construct a 200 MW wind farm in Ras Ghareb, according to a joint statement (pdf) from Masdar and Infinity Power. The […]<\/p>\n","protected":false},"author":1,"featured_media":94898,"comment_status":"","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":[1604],"tags":[23,143,7,171,623],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egypt","tag-energy","tag-enterpriseam-uae","tag-masdar","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"2482df05-d22a-40b2-b3e5-1da690069918","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1563.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm","related_issue":[94885],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.7f0a8816-930c-4b7a-9fe3-1b3a12079c18.mp3"},"yoast_head":"\nMasdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm - UAE<\/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\/uae\/2024\/08\/19\/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=\"Another Masdar wind farm in Egypt\u2019s Ras Ghareb is officially underway: State-run renewables giant Masdar, Egyptian renewables firm Infinity Power, and the Egyptian Electricity Transmission Company (EETC) signed a trilateral power purchase agreement to construct a 200 MW wind farm in Ras Ghareb, according to a joint statement (pdf) from Masdar and Infinity Power. 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