The work on "Africa's largest wind farm" has gained momentum after Abu Dhabi Energy Company – Masdar and its partners signed a deal with Egypt's New and Renewable Energy Authority to secure land for the project.
Set to be worth over $10 billion, the farm in Egypt is set to produce 47,790 GWH of clean energy per year and reduce the country's annual carbon emissions by 9 per cent.
"It is a sign of the strong partnership between the UAE and Egypt, with great potential to create jobs, cut emissions and power homes with clean electricity at competitive economical costs," said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 President-Designate.
The project will also help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030. The 10 GW plant will save the country an estimated $5 billion in natural gas costs a year.
The initial agreement on the joint venture between Masdar and its partners Infinity Power and Hassan Allam Utilities was signed in 2022.
The consortium also signed agreements with Egyptian state-backed organisations to develop green hydrogen and derivatives’ production facilities, with a target capacity of 4 GW by 2030, and an output of up to 480,000 tonnes of green hydrogen per year.
In response to the severe flooding that has struck several regions of Sri Lanka, the UAE has launched urgent humanitarian operations, deploying specialised search-and-rescue teams and sending more than 20 tonnes of emergency relief supplies.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received messages of congratulations on Tuesday, from kings, presidents and emirs across the world, on the occasion of the 54th Eid Al Etihad.
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the Independence Square project on Tuesday, following an upgrade that included the construction of the Independence Monument, along with the development of the square and surrounding buildings.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating UAE residents on the 54th Eid Al Etihad, extending his gratitude for their contribution to the country's development.
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