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Masdar has signed an agreement with Egypt's New and Renewable Energy Authority to secure land to build a 10GW capacity onshore wind farm in Egypt, with a project value of over US$ 10 billion.
Read Masdar secures land for 10GW wind farm in Egypt and other wind energy news & analysis on Windpower Monthly
The new project is expected to boost Egypt and compete at the global level.
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The project will allow Egypt to save annual natural gas costs estimated at $5 billion