On the sidelines of COP27, which is taking place in Sharm el-Sheikh, African countries want to sign partnerships with rich countries to finance their ecological transition projects. This is the case of Egypt, which will build a 10 GW wind farm in collaboration with the United Arab Emirates.
Egypt and the United Arab Emirates (UAE) will join forces to build a new wind farm. The two countries signed this Tuesday, November 8 an agreement for the implementation of the project, on the sidelines of the COP27 which is currently taking place in Sharm el-Sheikh.
The project will be implemented by the Emirati company Masdar and the Egyptian companies Infinity Power and Hassan Allam Utilities. It will develop a wind farm with a capacity of 10 GW, which would produce 47,790 GWh of clean energy per year and offset 23.8 million tonnes of carbon dioxide emissions, or about 9% of current emissions from CO2 from Egypt.
“With this agreement to develop our largest project, Masdar is proud to strengthen its contribution to Egypt’s renewable energy goals,” said Mohamed Jameel al-Ramahi, CEO of Masdar.
The announcement comes as African countries seek to put pressure on Western countries to obtain the funding promised to fight against climate change of which they are the weakest contributors, but the first impacted. To do this, the COP is focusing this year on four axes of the climate crisis, namely mitigation, adaptation, financing and collaboration.