#Egypt

Egypt is close to finalising a deal with the European Union and the EBRD to secure €200 million funding to launch a 198 km transmission line in the Gebel El Zeit area.

Egypt aims to produce nearly 16.1 GW from solar and wind projects in 2029 as part of a drive to reduce reliance on conventional power generation.

AMEA Power has competed the installation of all 77 turbine generators at its 500 MW Amunet wind farm in Egypt.

ACWA Power has secured 2.6 billion Saudi riyals ($692.05 million) for a 1100 MW wind farm in Suez, Egypt.

UAE-based investment firm Kazar plans to invest $2.5 billion in a hybrid renewable power plant in Egypt’s Zafarana region, in the east of the country.

AMEA Power has commissioned its 500 MW Abydos Solar PV Plant in Aswan Governorate, Egypt.

Egypt expects its renewable energy production to increase by nearly 4 GW in the summer of 2025.

The European Bank for Reconstruction and Development (EBRD) has invested almost €12.5 billion ($13 billion) in Egypt in the form of loans and project finance.

Alcazar Energy Partners has signed a Memorandum of Understanding with the EETC and the NREA for the development of a 2 GW onshore wind farm in Egypt.

ACWA Power’s Redstone Concentrating Solar Power (CSP) plant in South Africa has reached 50 MW and is set to achieve its full 100 MW capacity in the coming days.

Egypt is planning to start the trial operation of the first phase of its electricity interconnection project with Saudi Arabia in April 2024.

Egypt is expected to upgrade its energy infrastructure with a €165 million ($183 million) sovereign loan from the EBRD.

The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.

The Egyptian government is targeting a production capacity of about 45 GW from ongoing and future renewable energy projects.

Elsewedy Electric and The Arab Contractors have connected three hydro turbine generators to Tanzania’s national grid.

The first phase of the project is set to start operating in July 2025, with the interconnection allowing the exchange of up to 3000 MW of power by early 2026.

Egypt’s 262 MW wind farm in the Gulf of Suez, about 20 km off the coast of the Red Sea, has been inaugurated.

The project will produce 47790 GWh of clean energy per year and cut around 9% of Egypt’s annual carbon emissions.

Three 135 tonne transformers were successfully delivered by EGL.

The country wants to increase production and output.

The investments are expected to be spread over 10 years.

Norway’s Scatec ASA Company will build a 1000 MW solar power plant in Egypt under an agreement it signed with Egyptalum, the Arab country’s largest aluminium producer.

The European Bank for Reconstruction and Development (EBRD) has approved an equity investment in HAU Energy BV to boost renewable energy in Egypt.

Egypt is planning to pump nearly $83 billion into solar energy and other renewables projects in the next few years as part of a push to expand renewable sources in its energy mix.