Egypt is set to construct one of the world’s biggest wind farms by March 2026 for $10 billion.
The project will begin generating electricity in 2032, according to Mohamed Ismail Mansour, chairman of Infinity Power, a joint venture between Infinity in Egypt and Abu Dhabi-owned renewables giant Masdar.
Details
Building of the 10-gigawatt project had been slated to begin this year, but was delayed due to the process of acquiring the land in the Upper Egyptian region of West Sohag.
Why This Matters
Securing new sources of energy is a pressing issue for Egypt, which has been suffering about a year of scheduled power outages as soaring temperatures and other issues leave authorities struggling to meet electricity demand from its more than 105 million people.
Digging Deeper
The power due to be eventually generated by the Sohag farm would be a boon for Egypt, which has plans to decommission some of its gas-powered plants as renewable output grows.
Between The Lines
The country has an ambitious target of boosting the share of renewables in its energy mix to 42% by 2030.
Source: Bloomberg
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