The United Arab Emirates (UAE) and Egypt have reached an agreement to develop what will be one of the world’s largest wind farms.
The deal which was struck on the sidelines of the UN’s COP27 climate summit in Sharm el-Sheikh includes a 10-gigawatt (GW) onshore wind project in Egypt which will produce 47,790 GWh of clean energy annually once it is completed.
The deal is expected to offset 23.8 million tonnes of carbon dioxide emissions – equivalent to around nine per cent of Egypt’s current CO2 output even as the wind farm will save Egypt an estimated $5 billion in annual natural gas costs and help create as many as 100,000 jobs.
Read also: #COP27: Over 25 countries agree to keep deforestation pledges made in Glasgow
Emirati President Sheikh Mohamed bin Zayed Al-Nahyan joined his Egyptian counterpart Abdel Fattah al-Sisi at the signing of the agreement between the UAE’s Masdar renewable energy firm and Egypt’s Infinity Power and Hassan Allam Utilities.
Reacting to the development In a statement on Twitter, Sheikh Mohamed said that the deal was consistent with our commitment to advance renewable energy solutions that support sustainable development.
Recall that the UN’s COP27 climate summit kicked off Sunday in Egypt with warnings against backsliding on efforts to cut emissions and calls for rich nations to compensate poor countries after a year of extreme weather disasters.
“We will endeavour to take forward the gains made here at COP27, as the UAE prepares to host COP28 next year,” Emirati’s industry minister Sultan Ahmed Al Jaber was quoted as saying.
Story was adapted from the national news.
