Infinity Power, a joint venture between the Netherlands-based Infinity Group and the UAE’s Masdar, announced that its consortium with Masdar has signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 200 MW onshore wind project in Ras Ghareb, in the Gulf of Suez region.
Construction and financial close timelines weren’t disclosed, but Infinity Power said the project is estimated to produce 810,000 MWh per year and offset 403,672 metric tons of CO2 equivalent emissions per year. The PPA was signed by Mohamed Jameel Al Ramahi, CEO of Masdar; Nayer Fouad, CEO of Infinity Power; Salah Ezzat, Acting Chairman of EETC; and Mohamed El-Khayat, CEO of NREA in Al-Alamein city.
Infinity Power currently operates 1.3 gigawatts (GW) of solar and onshore wind farms across Egypt, South Africa, and Senegal, including the 252 MW West Bakr wind farm in Egypt. The company aims to reach 10 GW of operational renewable energy in Africa by 2030, with an estimated investment of $5 billion.
