Renewable Energy Egypt awards renewable energy projects worth $400m By Pramod Kumar May 29, 2025, 10:13 AM Alamy via Reuters Wind turbines in the Sinai Peninsula, Egypt. Solar, wind and hydropower make up only 11.5% of Egypt's electricity generation Egypt has approved four new private sector-backed renewables projects to help achieve its 2030 green energy target. The solar and wind energy projects are expected to generate 400 megawatts (MW) and are being built for $388 million, according to local media reports, which quoted a ministry statement. The companies involved are Neptune for Electricity Production and Sales, Dubai’s AMEA Power, Taqa PV and Enara for Renewable Energy Services, Daily News Egypt reported. Speaking at the Cop29 conference in Azerbaijan in November 2024, Prime Minister Mostafa Madbouly said that Cairo remains committed to meeting 42 percent of its electricity generation mix from renewable energy by 2030, but the goal remains at risk without international support. Solar, wind and hydropower make up only 11.5 percent of Egypt’s electricity generation, Reuters reported, citing a July cabinet report. Meanwhile, electricity and renewable energy minister Mahmoud Esmat said that the power regulatory agency had evaluated seven private-sector proposals, each planning to build a 100MW renewable energy facility. No investment details were given. Acwa Power to build 2GW wind power project in Egypt Egypt looks to Gulf investors to end power blackouts Masdar to invest $900m in solar projects in Egypt The reviews were conducted in cooperation with a global consultancy and the European Bank for Reconstruction and Development, which helped draft the regulatory framework for private sector engagement in the power sector. In August 2024 Esmat said Egypt was developing 7,150MW of renewable energy projects. These projects were divided into 3,450MW of wind and 3,700MW of solar power. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
