The Egyptian government has granted a “golden licence” to Nefer Minya Renewable Energy for the development of a 1 GW solar power plant combined with a 600 MWh BESS in Minya Governorate, Egypt (Egyptian State Information Service, 20/08/2026). The USD750m project is being developed by a joint venture between Infinity Power Holding and HAU Energy on a 20 km² site in the West Minya area and is scheduled for completion by the end of September 2027.
According to the government, the project is designed to support environmental sustainability and reduce carbon emissions by around 1 MtCO₂/year. The developer is also seeking financing from the European Bank for Reconstruction and Development, with a financing decision expected by 9 September 2026.
Egypt's golden licence mechanism is intended to accelerate major investments by consolidating approvals, permits and land allocation procedures into a single authorisation. The government has increasingly used the framework to fast-track renewable energy and storage projects as it targets a 45% share of renewables in the power mix by 2028.
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