Egypt’s wind megaproject of $10 billion to begin by 2026
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Construction on one of the world’s largest wind farms in Egypt is set to commence by March 2026, according to a statement from a company involved. The massive onshore project, expected to exceed $10 billion in costs, is scheduled to start generating electricity by 2032.
This decision comes in the backdrop of severe power shortages during scorching summers highlighting the Egypt’s energy requirements.
Mohamed Ismail Mansour, chairman of Infinity Power—a partnership between Egypt’s Infinity and Masdar, a renewable energy leader owned by Abu Dhabi—revealed that initial plans to begin the 10-gigawatt project this year were postponed due to delays in acquiring land in Egypt’s Upper Egyptian region of West Sohag.
Also read: Deep Wind Offshore secures expansion in Baltic Sea with wind farm auction win
Infinity Power is expanding its footprint in South Africa following its acquisition of a 60% stake in Amsterdam-based Lekela Power last year, valued at approximately $1 billion according to Bloomberg reports.
Additionally, the company purchased a 40% stake from Mainstream Renewable Power Africa Holdings, making Infinity Power the sole owner of Lekela.
Despite its significant offshore gas fields and historical role as a valued exporter to Europe, Egypt is facing a shift back to importing LNG this year, with purchases expected to reach their highest levels since 2018.
Prime Minister Mostafa Madbouly announced that authorities have earmarked $1.2 billion for additional energy imports, including heavy fuel oil, aiming to alleviate power cuts anticipated this summer.
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