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Masdar to develop wind power portfolio in Egypt
January 19, 2018
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ABU DHABI: Masdar has signed a collaboration agreement to deliver a wind power portfolio of more than 800 megawatts (MW) in Egypt alongside Elsewedy Electric and Marubeni Corporation.

Mohamed Jameel Al Ramahi, Chief Executive Officer at Masdar, said; “As Egypt’s economy expands, so do the opportunities to provide energy from renewable sources. We are ready to tap into our existing experience with renewable energy projects, while collaborating with industry experts like Elsewedy Electric and Marubeni in Egypt, to deliver on the country’s visionary plans for the future.” The signing took place in the presence of Wael Gad, Ambassador of Egypt to the UAE, during Abu Dhabi Sustainability Week.

The three entities are partnering for the first time to build on their existing renewable energy capacity in Egypt. Masdar has already developed a number of solar power plants in partnership with Egypt’s New and Renewable Energy Authority. These include the 10MW Siwa Solar PV plant; four PV plants in the Red Sea governorate with a combined capacity of 14MW; and three PV installations in Al Wadi Al Jadeed with a combined capacity of 6MW. That is in addition to providing 7,000 standalone solar home systems to homes and community buildings.

Egypt’s Ministry of Electricity and Renewable Energy recently announced that the country plans to generate 42 percent of its electricity from renewables by 2025. According to the International Renewable Energy Agency (IRENA), headquartered in Masdar City in Abu Dhabi, the country aims to install 7.2GW of wind power by 2020 and 3.5 gigawatts (GW) of solar by 2027.

WAM
 

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