Egypt Signs $1.8 Billion Renewables Deals With Scatec and Sungrow, Including Minya Solar-Storage Project
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Egypt has signed renewable energy deals worth a combined $1.8 billion, state television reported on Sunday. The agreements include contracts with Norway’s renewable energy developer Scatec and China’s Sungrow.
The deals come as Egypt aims to have renewable energy reach 42% of its electricity generation mix by 2030, although officials have warned the target could be at risk without greater international support. The new agreements add both generation and storage capacity, aligning with the broader policy goal of scaling renewables while strengthening system reliability.
An Egyptian cabinet statement said the first project will be Scatec’s construction of a solar energy plant to generate electricity, alongside energy storage stations, in Minya in Upper Egypt. The project would have a generation capacity of 1.7 gigawatts supported by battery storage systems with total capacity of 4 gigawatt hours.
A second project will be a Sungrow factory to manufacture energy storage batteries at the Suez Canal Economic Zone. The cabinet said a share of the factory’s output would be supplied to the Minya project.
The deals also include power purchase agreements, with Scatec saying it signed a deal covering total capacity of 1.95 gigawatts and 3.9 gigawatt hours of battery storage systems. The structure suggests Egypt is pushing for bankable offtake arrangements alongside industrial localisation for storage equipment.
