COP27: UAE, Egypt join hands to develop 10-gigawatt wind project

Twitter/mohamedbinzayed

UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has announced the decision to develop a 10-gigawatt onshore wind project with Egypt on the sidelines of the COP27 summit in Sharm El Sheikh.

It's "consistent with our commitment to advance renewable energy solutions that support sustainable development," Sheikh Mohamed highlighted.

"I joined my brother President Abdel Fattah El Sisi at COP27 to witness the signing of an MOU between our two nations to develop a 10-gigawatt onshore wind project in Egypt," he wrote on his official Twitter handle.

The leaders witnessed the signing of the MoU between Masdar, Infinity Power and Hassan Allam Utilities to develop the onshore wind project in Egypt – one of the largest wind farms in the world.

When completed, the wind farm will produce 47,790 GWh of clean energy annually and offset 23.8 million tonnes of carbon dioxide emissions – equivalent to around 9 per cent of Egypt’s current CO2 emissions.

The project will be part of Egypt’s Green Corridor initiative – a grid dedicated to renewable energy projects – and will contribute to Egypt’s goal of ensuring renewable energy makes up 42 percent of its energy mix by 2035.

The wind farm will also save Egypt an estimated $5 billion in annual natural gas costs, and help create as many as 100,000 jobs.

Direct employment in the construction phase is estimated at around 30,000, with as many as 70,000 people being employed indirectly. After construction, around 3,200 jobs will be added for operation and maintenance.

More from Local

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.