Masdar, Infinity Joint Venture Powers COP 27 with Green Energy

Nov 8, 2022 12:42 PM ET
  • The 6-MWp solar PV plant developed by Infinity Power Holding in Sharm El-Sheikh is functional and ready to offer clean, renewable resource to COP27.
  • The solar plant will remain to run after the conference.

There could not have actually been a far better occasion and a symbol for Masdar than to supply green energy originating from eco-friendly resources for COP-27 under UNFCCC. A joint venture between UAE's flagship RE company as well as Egypt's Infinity called-- Infinity Power Holding-- introduced that the solar PV plant it has created in Sharm El-Sheikh is now completely functional-- prepared to offer clean, renewable energy to COP27 that is happening in the Egyptian city.

The 6- MWp plant-- which can produce as high as 11,723 megawatt-hours (MWh) of energy per year, sufficient to power greater than 5,000 homes while cutting CO2 emissions by over 4,000 tonnes-- will remain to run after the meeting. Two various other solar plants of equal size have likewise been established ahead of COP27.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, stated, "COP27 represents an important chance to turn favorable words right into impactful activities, so it is very important that we do what we can to lower its carbon footprint as well as showcase sustainable services to the globe."

Nayer Fouad, CHIEF EXECUTIVE OFFICER, Infinity Power claimed, "The solar energy plant will certainly not only contribute towards powering COP27 however will also supply sustainable energy, making a very useful contribution in the direction of Sharm El-Sheikh's growing infrastructure. We anticipate supplying comparable services to various other cities in Egypt and also throughout Africa, as we move on in our trip to offer sustainable energy remedies to the whole continent."

Infinity Power, which has actually been called a Principal Partner for COP27, was developed in 2020 to target power generation projects via renewable energy resources, including solar as well as wind innovations on utility- and industrial-scales in Egypt as well as Africa. With present projects situated throughout Egypt, South Africa, Senegal and also Ghana, Infinity Power aims to eventually increase its operations across all 54 African countries.

Masdar is a fast expanding RE firm that targets a portfolio capacity of 100 GW by 2030. Infinity is the only committed renewable energy options provider in Egypt that develops clean energy solutions throughout a number of sectors as well as scales.

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