President Abdel Fattah El-Sisi reviewed opportunities for tripartite cooperation between Egypt, Norwegian Company Scatec, and Chinese Group Sungrow

Egypt succeeded in finalizing debt swap agreements at a value exceeding $900 million with partner countries, Prime Minister Mostafa Madbouly announced.

The African Development Bank Group (AfDB) has approved a $184.1 million financing package to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200-megawatt-hour battery energy storage system in Egypt.

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation of Egypt, discussed expanding cooperation with the Food and Agriculture Organization of the United Nations (FAO) in the areas of sustainable agriculture, food security, and climate projects

Egypt has secured EGP 6.7 billion in public investments from the fiscal year (FY) 2024/2025 economic and social development plan for four renewable energy projects.

The Ministry of International Cooperation has signed soft development financing worth €53 million with the German KfW Development Bank for the smart grid development project for the Ministry of Electricity and Renewable Energy.

The European Investment Bank (EIB) has launched its regional office for the Near East and North Africa (NENA) in Egypt.

Egypt is seeking to secure $150 million in financing from the European Bank for Reconstruction and Development (EBRD) before the end of the current year.

Minister of International Cooperation Rania Al Mashat is probing with the Regional Director of the Near East, North Africa and Europe Division (NEN) in the International Fund for Agricultural Development (IFAD) Dina Saleh ways to implement projects within the food pillar of the Nexus of Water, Food, and Energy (NWFE) program.

Al-Mashat also referred to the joint political declaration issued by Egypt, Germany and the US during the COP27, which reflects the great international support to the NWFE program, as a model for national platforms aimed at stimulating climate action.