State-run media reported on Sunday that Egypt finalized agreements with Norwegian renewable energy developer Scatec and Chinese company Sungrow, targeting both solar power generation and energy storage solutions. Officials say these projects are crucial to achieving the country’s goal of generating 42% of its electricity from renewable sources by 2030, though they warn that reaching this target will require continued foreign investment and collaboration.
The first project involves Scatec constructing a solar energy plant in Upper Egypt’s Minya, complemented by energy storage stations. The facility is expected to generate 1.7 gigawatts of electricity and include battery storage systems with a combined capacity of 4 gigawatt hours. In tandem, Sungrow will build a factory in the Suez Canal Economic Zone to manufacture energy storage batteries, a portion of which will supply the Minya project.
The agreements also encompass power purchase deals, with Scatec committing to a total capacity of 1.95 gigawatts and 3.9 gigawatt hours of battery storage, according to the Norwegian developer. Analysts view the deals as a significant step in Egypt’s green transition, highlighting both the country’s renewable ambitions and its reliance on international partnerships to achieve them.
