Masdar finds partners for 800-MW-plus wind portfolio in Egypt

Wind farm in Egypt. Author: Gigi Ibrahim. License: Creative Commons, Attribution 2.0 Generic

January 18 (Renewables Now) - Abu Dhabi Future Energy Company, better known as Masdar, has teamed up with Elsewedy Electric and Japan’s Marubeni Corp (TYO:8002) to build wind farms exceeding 800 MW of combined capacity in Egypt.

Masdar has signed the collaboration agreement with its partners during the Abu Dhabi Sustainability Week, it announced today. Japanese trader Marubeni owns and operates 15 independent water and power producing facilities totalling 13,811 MW in the region, but this will be its first foray into wind energy in the Middle East, according to the announcement.

The Abu Dhabi-based renewables developer is already present in Egypt through a number of solar photovoltaic (PV) projects it developed in partnership with the country’s New and Renewable Energy Authority. This includes the 10-MW Siwa Solar PV facility, four PV plants in the Red Sea governorate totalling 14 MW, as well as three PV arrays in Al Wadi Al Jadeed with a combined capacity of 6 MW. Furthermore, it is providing standalone solar systems to homes and community buildings there.

Egypt is pursuing a target of generating 42% of its power from renewable sources by 2025.

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription