The government of Egypt has approved four new renewable energy projects with an overall installed capacity of 400 MW. These include both solar and wind generators, with each project having a capacity of about 100 MW and private investments totaling an estimated $388 million.
These projects are distinguished by the use of a private energy agreement model, which makes it possible to eliminate the financial burden on the state budget and does not require state guarantees. Instead, commercial companies are given the right to build their own renewable energy facilities and supply electricity to end consumers directly.
For instance, Egypt’s TAQA PV is going to develop a hybrid solar-wind power plant for Ezz Steel, the largest steel producer in the country. Neptune will supply solar power to the steel company Suez Steel. ENARA will use a hybrid installation to power a chemical plant in Helwan and a silicon production complex in El Alamein. The Emirati company Amea Power will supply solar power to the Suez Canal Container Terminal.
As one of the fastest-growing renewable energy companies at the regional level, Amea Power recently announced the launch of the 500 MW Amunet wind farm in the Ras Ghareb region (Red Sea Governorate). The facility was built by a joint venture with Japan’s Sumitomo Corporation. It is going to generate some 2,500 GWh of clean electricity per year (enough to supply more than 500,000 homes), reducing CO2 emissions by 1.4 million tons of carbon dioxide annually. This is the second such facility to be launched by the company in six months: in November 2024, Amea Power brought into operation a 500 MW solar photovoltaic plant in Aswan. As a result, the aggregate capacity of facilities launched in Egypt by Amea Power alone has reached 1 GW, underscoring the country’s systematic progress towards achieving a 42% share of renewable energy sources in Egypt’s energy balance by 2030.
A key role in this process is going to be played by the Russian project for the construction of El Dabaa, Egypt’s first nuclear power plant.
