The government of Egypt has signed agreements and contracts for two integrated projects related to renewable energy and local equipment manufacture, totalling US$1.9bn in investments (Cabinet press release, 11/01/2026).
For the first project, “Valley for Sustainable Energy – Energy Valley” in the Minya Governorate, the Egyptian Electricity Transmission Company (EETC) has signed a 25-year, USD-denominated pay-as-produced Power Purchase Agreement (PPA) with the Norwegian renewable project developer Scatec, for a total capacity of 1.95 GW solar and 3.9 GWh Battery Energy Storage Systems (BESS). The agreement includes one integrated solar+BESS hybrid system aimed at delivering around-the-clock renewable baseload power (about 1.7 GW and 6 TWh/year); in addition, Scatec will develop two standalone BESS projects to provide support services and grid stability. Financial close is expected in the second half of 2026 (Scatec press release, 11/01/2026).
The second project, led by China's Sungrow, consists in the development of a factory to manufacture energy storage batteries in the Suez Canal Economic Zone, with part of the production to be supplied to the Minya solar project. Both projects are being implemented in cooperation with the Ministry of Electricity and Renewable Energy and the Suez Canal Economic Zone Authority.
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