Egypt is poised to embark on one of the world's largest renewable energy projects, a $10 billion wind farm set to commence construction in March 2026. The ambitious initiative, a collaboration between Egyptian firm Infinity and Abu Dhabi's Masdar, aims to generate 10 gigawatts of energy upon its completion in 2032, Bloomberg reported.
Initially delayed by land acquisition challenges in Western Sohag, Upper Egypt, the project has overcome obstacles and is now scheduled to break ground early next year. This development is crucial for Egypt, which has been grappling with electricity shortages exacerbated by soaring temperatures and growing demand from its 105 million-strong population.
The wind farm's anticipated output will allow Egypt to gradually phase out some of its gas-fired power plants, reducing reliance on fossil fuels as part of its strategy to achieve 42% renewable energy in its mix by 2030. This ambitious target aligns with Egypt's broader efforts to curb carbon emissions and enhance energy sustainability.
In parallel, the International Finance Corporation (IFC) and international partners announced a $1.1 billion investment in 2022 towards Egypt's largest solar and wind power projects, aiming to deliver over 1 gigawatt of renewable energy while promoting competitive pricing and environmental benefits, according to Innovation Village.
