Hassan Allam Utilities signed an agreement to secure land to build a 10 GW capacity onshore wind farm

Hassan Allam Utilities alongside Masdar (Abu Dhabi Future Energy Company) and Infinity Power signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10 GW capacity onshore wind farm in Egypt, set to be one of the largest in the world.

The signing was witnessed by the Egyptian Prime Minister, HE Moustafa Madbouly, HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, HE Dr Mohamed Shaker El-Markabi, Minister for Electricity and Renewable Energy, Hassan Allam, CEO of Hassan Allam Holding, Amr Allam, Co-Chief Executive Officer of Hassan Allam Holding, Dalia Wahba, CEO of Hassan Allam Utilities, Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Nayer Fouad, Chief Executive Officer of Infinity Power.

The landmark wind project will produce 47,790 GWh of clean energy per year and reduce around 9% of Egypt’s annual carbon emissions by displacing 23.8 million tonnes of carbon dioxide annually. The wind farm will also help Egypt meet its strategic objective of sourcing 42% of its energy from renewables by 2030. The 10 GW plant will save the North African nation an estimated US$ 5 billion in natural gas costs a year.

Amr Allam, Co-CEO of Hassan Allam Holding said: “I am proud to witness the launch of the development of our planned 10 GW wind energy program, in partnership with Masdar, and Infinity Power. In addition to helping meet Egypt’s growing energy needs, the project aligns seamlessly with the nation’s sustainable development goals. We are confident that this collaboration will deliver on its targets, paving the way towards a more eco-friendly and prosperous future for Egypt.”