Egypt and the United Arab Emirates have signed an agreement on Tuesday to develop 10-gigawatt (GW) onshore wind project in a deal struck on the sidelines of the UN climate conference COP27 in Sharm El Sheikh.
The project will produce 47,790 GWh of clean energy annually once it is completed and offset 23.8 million tonnes of carbon dioxide emissions, equivalent to around nine percent of Egypt’s current CO2 emissions.
Moreover, the wind farm will save Egypt an estimated $5 billion in annual natural gas costs and help create as many as 100,000 jobs.
The MoU was signed by Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Mohamed Shaker, Egypt’s Minister of Electricity and Renewable Energy.
Egypt’s president Abdel Fattah al-Sisi joined his counterpart Emirati President Sheikh Mohamed bin Zayed al-Nahyan at the signing of the agreement between the UAE’s Masdar renewable energy firm, Egypt’s Infinity Power and Hassan Allam Utilities.
Sheikh Mohamed said in Twitter, the deal was “consistent with our commitment to advance renewable energy solutions that support sustainable development”.
Consistent with our commitment to advance renewable energy solutions that support sustainable development, I joined my brother President Abdel Fattah El Sisi at COP27 to witness the signing of an MOU between our two nations to develop a 10-gigawatt onshore wind project in Egypt. pic.twitter.com/qBeX7AnF0o
— محمد بن زايد (@MohamedBinZayed) November 8, 2022
Consistent with our commitment to advance renewable energy solutions that support sustainable development, I joined my brother President Abdel Fattah El Sisi at COP27 to witness the signing of an MOU between our two nations to develop a 10-gigawatt onshore wind project in Egypt. pic.twitter.com/qBeX7AnF0o
— محمد بن زايد (@MohamedBinZayed) November 8, 2022
The project will be part of Egypt’s Green Corridor initiative – a grid dedicated to renewable energy projects and will contribute to country’s goal of ensuring renewable energy makes up 42 percent of its energy mix by 2035.
