Egypt Signs $1.8 Billion in Renewable Energy Deals with Scatec and Sungrow

By Mintesinot Nigussie
Published on 01/12/26

Egypt has secured renewable energy agreements valued at a combined 1.8 billion US dollars, according to state television on Sunday, Reuters reported. The deals aim to advance the country’s ambition to have renewable energy account for 42 percent of its electricity generation by 2030, although officials warn the target could be jeopardised without increased international support.

Under the agreements, Norwegian developer Scatec will construct a solar energy plant in Minya, Upper Egypt, alongside energy storage stations. The project is designed with a generation capacity of 1.7 gigawatts, backed by battery storage systems totaling 4 gigawatt hours, the Egyptian cabinet said in a statement.

Scatec has also signed power purchase agreements covering a total of 1.95 gigawatts of generation and 3.9 gigawatt hours of battery storage, the Norwegian company confirmed in a separate statement, Reuters noted.

In parallel, China’s Sungrow will establish a factory in the Suez Canal Economic Zone to manufacture energy storage batteries. A portion of the factory’s output is expected to supply Scatec’s Minya project, the cabinet added.

These agreements form part of Egypt’s broader strategy to expand renewable energy capacity and integrate storage solutions into its grid, a key component of the country’s energy transition.