Infinity Power, Hassan sign PPA for 1 GW wind project in Egypt

Infinity Power, an African pure-play renewable energy provider, and Hassan Allam Utilities Energy, the renewable energy developer of Hassan Allam Utilities, have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for the 1 GW Ras Shokeir Wind Project in Egypt’s Red Sea Governorate.

The agreement advances a major utility-scale wind development, expanding Egypt’s renewable energy capacity.  

The project will be developed across approximately 143 km² in Ras Shokeir, within the Gulf of Suez region, adding 1 GW of renewable generation capacity to the national grid. 

The PPA establishes the framework under which EETC will purchase the electricity generated by the project. Developed by Infinity Power and HAU Energy, Ras Shokeir brings together local development capabilities and regional renewable energy expertise.  

“This milestone underscores our commitment to investing in large-scale renewable energy infrastructure that strengthens energy security and advances the country’s long-term decarbonization objectives,” Amr Allam, CEO of Hassan Allam Holding, said.   

“We would like to express our appreciation to the Egyptian government for its continued support of the renewable energy sector and for fostering an attractive investment environment for this vital industry,” Mohamed Ismail Mansour, Co-Founder and Chairman, Infinity Power, said. “The Ras Shokeir Wind Project marks an important step toward Infinity Power’s ambition to achieve 10 GW of operational renewable energy capacity by 2032."

Eng. Nayer Fouad, Co-Founder and CEO, Infinity Power, said the project would provide reliable clean electricity to more than one million Egyptian homes.  

“The project combines a strong wind resource, a strategic location, and the scale needed to make a meaningful contribution to the national grid,” Omar Hosny, Chief Development Officer of Energy and Water, Hassan Allam Utilities, said.