Egypt is targeting EGP 136.3 billion in investment in its electricity and renewable energy sector for fiscal year (FY) 2025/2026, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat revealed.

Minister of Electricity and Renewable Energy Mahmoud Esmat and Minister of Petroleum and Mineral Resources Karim Badawi discussed the latest developments and implemented measures to meet the rising energy demands

India-based energy transmission and cable manufacturing firm Sterlite Power is seeking to develop an electricity grid for green hydrogen projects in Egypt with investments ranging between $5 and $6 billion.

The French energy utility Engie and its partners are looking to build a 1-gigawatt (GW) wind project in Egypt.

TAQA Arabia and Somabay inaugurated Egypt's largest desalination plant powered entirely by solar energy.

Egypt has decided to relocate several renewable energy projects intended for green hydrogen production from areas east and west of the Nile to new sites near the Suez Canal Economic Zone (SCZone).

The Egyptian government has postponed the international bidding on two key wind power plants, Zafarana and Beni Suef.

The Egyptian Minister of Investment and Foreign Trade Hassan El Khatib has met with a delegation from the Norwegian company SCATEC to discuss the company’s ongoing and future renewables projects in Egypt.

Egypt's renewable energy capacity, spanning wind, solar, and hydropower, is expected to increase to 8,097 megawatts by next summer, Minister of Electricity and Renewable Energy Mahmoud Esmat revealed.

Egyptian Minister of Electricity Mahmoud Esmat has mulled potential cooperation opportunities with the Japanese Ambassador to Egypt Oka Hiroshi and a delegation from Japan International Cooperation Agency (JICA) in several fields, especially new and renewable energy projects.

The World Bank Group (WBG) is showing interest in financing new and renewable energies, notably green hydrogen, in Egypt, the WBG’s Vice President for Infrastructure Guangzhe Chen stated during his meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.

Saudi Arabian company alfanar will invest around $1.5 billion in renewable energy projects in the Egyptian market during 2024.

The Renewable energy projects that are currently under development by the private sector in Egypt are worth $4.4 billion.

The New and Renewable Energy Authority’s (NREA) revenues reached EGP 3 billion during the elapsed fiscal year (FY) 2022/2023, exceeding the target by over EGP 670 million.

Egypt is eying cooperation with Chinese Three Gorges International Corporation (CTGI), a hydropower development and operation firm, to invest in the country in the fields of electricity and renewables.

The Huawei Digital Energy business group focuses on five key areas, including: smart photovoltaic energy, data center facilities, mPower for electric vehicles, power plants, and integrated energy solutions.

Egyptian Electricity Transmission (EETC) inked two contracts with the Belgian consultant Elia Grid, under which the former will provide consulting services for Egypt’s sectors of electricity, new and renewable energy, according to a statement by the cabinet on January 18th.

Egyptian President Abdel Fattah El-Sisi has directed to intensify efforts to localize complementary industries for the production of new and renewable energy, including green fuel, the Egyptian Presidency reported on January 16th.