Masdar, Infinity, and EETC finalize agreement for Ras Ghareb wind farm

Another Masdar wind farm in Egypt’s Ras Ghareb is officially underway: State-run renewables giant Masdar, Egyptian renewables firm Infinity Power, and the Egyptian Electricity Transmission Company (EETC) signed a trilateral power purchase agreement to construct a 200 MW wind farm in Ras Ghareb, according to a joint statement (pdf) from Masdar and Infinity Power. The announcement confirms an EnterpriseAM Egypt story from earlier this month that Masdar was nearing an agreement for the project.

The details: The consortium will develop, finance, and operate the project, with operations expected to kick off in October 2026, according to an Egyptian cabinet statement. EEHC will purchase the power produced. The project will cost some USD 216.7 mn, according to a project update by the European Bank for Reconstruction and Development, which is partially funding the project.

Masdar and Infinity have more in the pipeline: Masdar, Infinity Power, and Hassan Allam Utilities are also building a USD 10 bn, 10 GW wind farm project in Sohag that is set to be one of the largest wind farms globally and the largest in Africa. The trio, along with global energy giant BP, will also set up a USD 15 bn green hydrogen project in the SCZone.