Saturday, 20 July 2024
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Egypt’s $10 Billion Wind Farm to Begin Construction in 2026

  • Egypt‘s $10 billion wind farm in West Sohag will start construction by March 2026
  • .The 10-gigawatt project is expected to generate electricity by 2032.
  • The wind farm aims to help Egypt meet its goal of 42% renewable energy by 2030.

Egypt’s $10 billion wind farm in West Sohag will start construction by March 2026.The 10-gigawatt project is expected to generate electricity by 2032.The wind farm aims to help Egypt meet its goal of 42% renewable energy by 2030.

This initiative is critical for Egypt, which has faced severe energy shortages and power outages amid soaring summer temperatures.

Egypt’s Renewable Energy Ambitions: $10 Billion Wind Farm Set for 2026

The project comes at a crucial time for Egypt, which has been grappling with power shortages and rolling blackouts due to high summer temperatures and increasing energy demands. Although Egypt is a major exporter of natural gas, it has been forced to increase LNG imports to meet domestic needs. The government has allocated $1.2 billion for additional energy imports to address the current shortfall.

Infinity Power is not only focusing on Egypt but also expanding its renewable energy portfolio across Africa. In Cameroon, the company plans to invest $2 billion in smaller projects totaling 4 gigawatts, including solar, wind, battery storage, and biomass. These projects aim to enhance local grid stability and support regional power trading initiatives.

In South Africa, Infinity Power has acquired a 60% stake in Lekela Power and is exploring over 10 new projects. Despite challenges with the national utility Eskom, Infinity Power is committed to diversifying its investments across different regions to mitigate risks and ensure successful implementation of renewable energy projects.

Egypt’s $10 billion wind farm is a critical part of its strategy to boost renewable energy and reduce reliance on fossil fuels. This project, along with similar initiatives across Africa, highlights the continent’s growing commitment to sustainable energy solutions.

“Grids are a big challenge” for developers of larger electricity projects. – Mohamed Ismail Mansour, Chairman of Infinity Power

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