UAE And Egypt Agreed To Construct Largest Wind Farms In The World :COP27

According to a formal statement from the national press agency of the Gulf nation, the presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Wednesday to create one of the largest onshore wind projects in the world in Egypt.

According to a statement by news agency, the Memorandum of Understanding (MoU) was signed by the UAE's Masdar renewable energy company, together with its joint venture with Egypt's leading renewable energy producer Infinity and Hassan Allam Utilities.

The new project would be Masdar's largest one yet, according to the company, which has a portfolio of renewable energy assets with a combined value of more than $20 billion and a total capacity of more than 15 GW.

The 10 GW farm would generate 47,790 GWh of clean energy per year while reducing 23.8 million tonnes of carbon dioxide emissions, or around 9% of Egypt's current CO2 emissions.

Masdar CEO Mohamed Jameel al-Ramahi said, "With this agreement to develop our largest ever project, Masdar is proud to bolster our contribution to Egypt's renewable energy goals," 

On the fringes of the ongoing COP27 climate summit in the Egyptian coastal city of Sharm El-Sheikh, Masdar Chairman Sultan al-Jaber, who is also the UAE's special climate envoy, its industry minister, and the head of state energy company Adnoc, signed the deal on Tuesday.

As the UAE gets ready to host COP28 next year, Jaber said in the statement, "The UAE and Masdar will continue to support Egypt's net-zero goals and we will endeavor to take forward the gains made here at COP27 as the UAE prepares to host COP28 next year,"