Masdar, Infinity Joint Venture Powers COP 27 with Green Energy

Masdar Plans Expansion in Saudi with 1.1 GW & Azerbaijan with 500 MW Projects

There couldn’t have been a better occasion and a symbol for Masdar than to offer green energy coming from renewable sources for COP-27 under UNFCCC. A joint venture between UAE’s flagship RE company and Egypt’s Infinity called – Infinity Power Holding – announced that the solar PV plant it has developed in Sharm El-Sheikh is now fully operational – ready to provide clean, renewable energy to COP27 that is taking place in the Egyptian city.

The 6- MWp plant – which can generate as much as 11,723 megawatt-hours (MWh) of energy per year, enough to power more than 5,000 homes while cutting CO2 emissions by over 4,000 tonnes – will continue to operate after the conference. Two other solar plants of equivalent size have also been developed ahead of COP27.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “COP27 represents a vital opportunity to turn positive words into impactful actions, so it is important that we do what we can to reduce its carbon footprint and showcase sustainable solutions to the world.”

Nayer Fouad, CEO, Infinity Power said, “The solar power plant will not only contribute towards powering COP27 but will also provide sustainable energy, making an invaluable contribution towards Sharm El-Sheikh’s growing infrastructure.  We look forward to delivering similar solutions to other cities in Egypt and across Africa, as we move forward in our journey to provide sustainable energy solutions to the entire continent.”

Infinity Power, which has been named a Principal Partner for COP27, was established in 2020 to target power generation projects through renewable energy sources, including solar and wind technologies on utility- and industrial-scales in Egypt and Africa. With current projects located across Egypt, South Africa, Senegal and Ghana, Infinity Power aims to eventually expand its operations across all 54 African countries.

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