Wind farm building initiation this month by Infinity Power at their 200 MW Wind Project situated in Ras Ghareb, Egypt
In the sun-drenched region of Ras Ghareb, Egypt, construction on a significant renewable energy project has commenced this month. The 200 MW onshore wind farm is a joint venture between Abu Dhabi Future Energy Company (Masdar) and Egypt's Infinity Energy S.A.E., with Infinity Power serving as the project owner.
The Ras Ghareb wind farm is one of the flagship projects of Infinity Power, an ambitious renewable energy company established in 2019 and pursuing a pipeline of projects across Africa. Once operational in the summer of 2027, the facility will generate approximately 810,000 MWh of clean electricity each year, enough to power around 311,000 homes. This will offset roughly 400,000 tonnes of carbon dioxide emissions annually, contributing significantly to Egypt's renewable energy targets.
The total project financing amounts to USD 164 million, secured from a consortium of international lenders including the European Bank for Reconstruction and Development (EBRD), Japan International Cooperation Agency (JICA), and Proparco (Société de Promotion et de Participation Pour la Coopération Économique). The EBRD's contribution to the financing totals USD 74.1 million, with a senior loan of up to USD 60.7 million, a concessional loan of up to USD 3.38 million from the Green Climate Fund (GCF), and an investment grant of up to USD 10 million.
The Ras Ghareb wind farm will be developed under an Engineering, Procurement and Construction (EPC) contract with PowerChina, a renowned EPC contractor. The project is expected to create hundreds of jobs during the construction phase and contribute to Egypt's growing renewable energy sector.
The Ras Ghareb region is popular for wind power plants, as evidenced by Orascom Construction operating Egypt's largest wind farm in the same region. The international financial institutions part of the consortium financing the project include the International Finance Corporation (IFC), the EBRD, and the European Investment Bank (EIB).
Infinity Power, as a joint venture between Masdar (majority shareholder) and Infinity Energy S.A.E., aims to increase its target capacity to 10 GW. This ambitious goal underscores the company's commitment to a sustainable future and its belief in the potential of renewable energy in Egypt and Africa as a whole.
