Masdar, Infinity Power, and Hassan Allam Utilities Partner to Boost Egypt's Renewable Energy Sector
Key Ideas
  • Masdar, Infinity Power, and Hassan Allam Utilities signed an agreement with the Egyptian Electricity Transmission Company for 1.2 GW of solar energy projects and 720 MWh of Battery Energy Storage Systems to support Egypt's renewable energy efforts.
  • The partnership aims to develop up to 11 GW of renewable energy capacity in Egypt, contributing to the country's sustainability goals and decarbonization efforts.
  • The projects in Wahat and Benban will play a crucial role in reducing carbon emissions, supporting Egypt's renewable energy production, and advancing the continent's shift towards a more sustainable energy future.
  • Key officials, including the Egyptian Prime Minister and UAE Minister of Industry, attended the signing ceremony, highlighting the significance of this collaboration in driving clean energy transitions in Egypt and Africa.
Masdar, Infinity Power, and Hassan Allam Utilities have signed a significant agreement with the Egyptian Electricity Transmission Company to boost Egypt's renewable energy efforts. The deal includes two Power Purchase Agreements for solar energy projects with a combined capacity of 1.2 GW and 720 MWh of Battery Energy Storage Systems. This partnership is a key part of Egypt's clean energy push, with specific projects in Wahat and Benban. Once completed, these plants will help reduce carbon emissions, support Egypt's sustainability goals, and provide more clean energy to the country. The agreement also sets the stage for developing up to 11 GW of renewable energy capacity in Egypt. The signing ceremony, attended by prominent figures, emphasized the commitment of the private sector in advancing renewable energy production in Egypt. The collaboration between these companies signifies a crucial step towards achieving operational capacity goals and driving impactful renewable energy solutions in the region.
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