• Wednesday, July 24, 2024
businessday logo


Egypt to construct a $10bn wind farm in 2026

Egypt to construct a $10bn wind farm in 2026

Egypt is taking a significant stride towards its renewable energy goals with the construction of a massive $10 billion wind farm, set to commence in March 2026. This ambitious project, poised to be one of the world’s largest, is expected to generate a substantial 10 gigawatts of power upon completion in 2032.

The wind farm, a collaborative venture between Egyptian firm Infinity and Abu Dhabi’s Masdar, faced initial delays due to land acquisition challenges in the Upper Egyptian region of West Sohag. However, as reported by Bloomberg, the project is now on track to break ground in early 2026.

Read also: Renewable energy in Nigeria – Projects, investments, and future Prospects

This development comes at a crucial time for Egypt, which has been grappling with scheduled power outages due to soaring temperatures and rising electricity demand from its population of over 105 million. The wind farm’s anticipated power output will be a boon, allowing Egypt to gradually decommission some gas-powered plants and reduce its reliance on fossil fuels.

Egypt has set an ambitious target of achieving 42% renewable energy in its energy mix by 2030. The 10-gigawatt wind farm will play a pivotal role in achieving this goal, contributing significantly to reducing the country’s carbon footprint and reliance on natural gas.

This project is not an isolated effort. In 2022, the International Finance Corporation (IFC) partnered with several international entities to invest $1.1 billion in constructing the largest solar and wind power plants in Egypt.

This initiative, highlighted by Innovation Village, aims to deliver over 1 gigawatt of renewable energy at competitive prices while significantly reducing carbon emissions.

Read also: NSIA, GIB partner to launch assembly plant in Nigeria for renewable energy

Egypt’s wind farm project underscores the nation’s commitment to a sustainable energy future. The government’s dedication to expanding renewable energy infrastructure, coupled with the private sector’s investments, demonstrates a concerted effort to address the energy challenges and embrace a greener path forward.

As Egypt moves ahead with this monumental wind farm project, it sets an example for other nations in the region and beyond, showcasing the potential of renewable energy to transform energy landscapes and contribute to a more sustainable future.