Masdar signed a collaboration agreement to deliver a wind power portfolio of more than 800 MW in Egypt alongside Elsewedy Electric and Marubeni Corp. The signing took place in the presence of HE 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 10-MW 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% of its electricity from renewables by 2025. According to the International Renewable Energy Agency, the country aims to install 7.2GW of wind power by 2020 and 3.5 GW of solar by 2027.