The agreement was signed between “Infiniti Power” – a joint company between the Emirati “source” and “Infiniti Energy”, developed by renewable energy projects in Egypt – and the “Hassan Allam for Utilities” and the Egyptian government.
The Emirati side signed the contract, and Dr.
On the fringes of the Climate Summit (COP27), which is held in Sharm el-Sheikh, Sultan bin Ahmed Al-Jaber, Minister of Industry and Advanced Technology, Special Envoy of the Emirates Climate Change, Chairman of the Board of Directors “Masdar,” and Mohamed Shaker, Minister of Electricity from Egypt, met.
Dr.
Sultan bin Ahmed Al -Jaber said: “This huge wild wind energy project with a capacity of 10 GW is one of the largest projects in this field in the world, and it came to emphasize the ambitious goals of both the UAE and Egypt in the field of renewable energy. ”
After completing its annual output of 47790 GB, the wind power plant will generate 10 GB of clean energy each hour and help to prevent 23 emissions.
According to the Emirates News Agency, 8 million tonnes of carbon dioxide, or around 9% of Egypt’s current carbon dioxide emissions.
The project is a part of Egypt’s “Green Corridor Initiative,” a network of renewable energy projects, and it will help the country reach its objective of having 42 percent of its energy come from renewable sources by 2035.
In addition to creating up to 100 thousand job opportunities, the new wild wind power station will save Egypt an estimated $ 5 billion annually in natural gas costs. Direct construction labourers are expected to number around 30 thousand, and there will be an additional 70,000 indirect jobs created after the station’s construction is complete. Additionally, there will be an additional 3,200 jobs for operation and maintenance.
The “Masdar” and “Hassan Allam for the Utilities” corporations signed two memoranda of understanding with organisations supported by the Egyptian government to work together on the construction of 4 GB green hydrogen production stations in the Suez Canal economic zone and on the Mediterranean coast.
A green hydrogen production facility will be constructed as part of the project’s first phase, and it will be operational by 2026. The facility will also produce 100,000 tonnes of electronic methanol annually for refuelling in the Suez Canal, and its production capacity can be increased to 4 GB by 2030 to produce 2. 3 million tonnes of green ammonia for export in addition to producing green hydrogen to support local industry.
The production of green hydrogen is primarily influenced by Egypt’s abundant solar and wind energy resources, which can support renewable energy projects at a reasonable cost. Additionally, Egypt is situated near a number of markets where the demand for green hydrogen is anticipated to rise, opening up opportunities for strong export.
Signing a significant wind project agreement is Egypt and the UAE.
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