As part of the economic cooperation between the UAE and Egypt, the Emirati company “Masdar” and the Egyptian company “Infinity” have formed a consortium and signed two agreements with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority to establish a 200 MW wind power plant in the Gulf of Suez area of Egypt.

According to a statement from the Egyptian Cabinet, under the agreements, the consortium will develop, finance, and operate the project, which is expected to begin commercial operations in October 2026. This will contribute to increasing the share of renewable energy in the electricity mix and bolster Egypt’s efforts to meet its renewable energy targets.

The statement noted that the signing is part of the state’s strategy to maximize the role of new and renewable energies in the energy mix and support the private sector’s involvement in establishing solar and wind power plants.

The signing ceremony, held at the Egyptian government headquarters in the new city of El Alamein, was attended by Dr. Mostafa Madbouly, the Egyptian Prime Minister, alongside Engineer Mahmoud Asmat, the Egyptian Minister of Electricity and Renewable Energy, and Dr. Sultan Al-Jaber, the UAE’s Minister of Industry and Advanced Technology.

Following the signing ceremony, Madbouly stated that this agreement comes within the framework of the state’s commitment to implementing more targeted projects in renewable energy as part of its plan to expand electricity generation from these sustainable sources and reduce reliance on traditional energy sources. He also noted that there is a strong belief that the future of energy in Egypt lies in new and renewable energy, emphasizing the importance of exploring ways to integrate as much renewable energy as possible into the electricity grid.