- Egypt signed $1.8 billion renewable energy deals with Scatec and Sungrow, including a 1.7 GW solar-plus-storage project in Minya.
- The projects support Egypt’s target of 42% renewables by 2030, though officials warn the goal requires stronger international backing.
Egypt signed renewable energy agreements worth $1.8 billion, state television reported on Sunday, January 11, 2026. The deals form part of the country’s plan to expand clean power capacity and strengthen energy security.
The agreements include contracts with Norwegian renewable developer Scatec and Chinese energy technology company Sungrow. Egypt aims for renewable energy to account for 42 per cent of its electricity generation by 2030, although officials warn that the target requires additional international support.
Scatec will build a solar power plant and energy storage facilities in Upper Egypt’s Minya Governorate. The project will have a generation capacity of 1.7 gigawatts and a battery storage capacity of 4 gigawatt-hours.
Sungrow will establish a factory to manufacture energy storage batteries in the Suez Canal Economic Zone. A portion of the factory’s output will support the Scatec project in Minya.
The agreements also include power purchase contracts. Scatec confirmed the signing of deals for 1.95 gigawatts of power and 3.9 gigawatt-hours of battery storage capacity.