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UAE, Egypt ink deal to develop Africa’s largest wind farm, project valued at $10bn
Abu Dhabi Future Energy Company (Masdar), Infinity Power (Masdar’s joint venture with Egypt’s Infinity) and Hassan Allam Utilities (a sustainable infrastructure-focused investment platform) have signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt. The wind farm is set to be one of the largest of its kind in Africa, with a project value of more than $10bn. The key wind project will produce 47,790GWh of clean energy per year and reduce around 9 per cent of Egypt’s annual carbon emissions by displacing 23.8 million ... (full story)