- Egypt has signed agreements covering 5,620MW of renewable energy and battery storage capacity.
- The deals include major solar, wind, and storage projects aimed at expanding clean energy supply.
Egypt has signed multiple power purchase agreements (PPAs) covering 5,620 megawatts of renewable energy and battery storage capacity. The deals form part of efforts to expand clean energy generation.
The Ministry of Electricity and Renewable Energy signed the agreements with several private sector companies. Minister of Electricity Mahmoud Esmat witnessed the signing, according to a Cabinet statement.
One of the agreements covers the 900MW Ras Shukeir wind project. A consortium of Orascom Construction, Engie, and a Toyota Tsusho unit will develop the project. The parties also signed a land use agreement alongside the power purchase agreement. This will support project development and implementation.
In addition, the government signed agreements with United Egypt Group for National Industries, also known as Kemet. These deals cover several solar and storage projects. Kemet will develop a 2GW solar park in Naga Hammadi. The project will also include a standalone battery storage facility with a capacity of 2,000MWh.
Furthermore, the company will build two additional solar projects. These include a 320MW plant and a 400MW plant in El-Oweinat. The government approved Kemet’s projects in February. Following this approval, the parties moved forward with the power offtake agreements.
The deals mark a significant step in Egypt’s renewable energy expansion. They also strengthen the country’s push toward a more diversified and sustainable energy mix.