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.

Minister of Investment and Foreign Trade Hassan El-Khatib discussed the green hydrogen project in Sinai with Managing Director of Alvarez & Marsal Abdalla ElEbiary and CEO of Renergy Egypt Robert Valk.

Egypt is planning to reoffer the Ataqa Mountain pumped storage power plant project in Suez to investors, after Chinese company Sinohydro failed to secure the needed funding for the project.

Egyptian Electricity Transmission (EETC) has allocated EGP 7 billion in new investments to unload and transmit electricity from renewable energy projects and connect it to the national grid until the end of 2025.

The Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat and Chairman of AMEA Power Hussain Al Nowais have mulled over ways to increase the company's investments in the renewable energy field in Egypt.

Minister of Electricity and Renewable Energy Mahmoud discussed met with a delegation of the alliance comprising Abu Dhabi Future Energy Company (Masdar), Infinity Power, and Hassan Allam Construction to follow up on its solar and wind energy projects.

Saudi Arabia’s ACWA Power has finalized financing agreements worth $702 million for a 1,100-megawatt wind farm in Egypt.

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held discussions with Sudan’s Minister of Oil and Energy Mohieddin Naeem on enhancing partnerships in electricity, renewable energy, and technical cooperation.

Emirati investment firm Kazar plans to invest $2.5 billion in constructing a hybrid renewable energy station in Egypt’s Zafarana region, east of the country.

Prime Minister Mostafa Madbouly officially inaugurated the Abydos 1 Solar Power Plant in Kom Ombo.

UAE-headquartered Green Coast plans to invest $50 million in Egypt over the next three years.

Future of Egypt for Sustainable Development Authority has put pens to two memoranda of understanding (MoUs) with the UAE's Masdar to construct new renewable energy projects.

Prime Minister Mostafa Madbouly witnessed the signing of two memoranda of understanding (MoU) for the production of 5,200 megawatts of electricity from renewable sources, including 3,100 megawatts from wind and 2,100 megawatts from solar energy.

Prime Minister Mostafa Madbouly met with representatives of a global alliance, led by the Belgian company John Cockerill, to discuss localizing the production of electrolyzer components in Egypt.

Egypt is mulling over enhancing cooperation with China Electrical Equipment Group Co (CEE) in local manufacturing, pumping and storage technology, and modernizing the national electrical grid.

Prime Minister Mostafa Madbouly met with the Vice Chairman and General Manager of Henan Investment Group Zhu Hongbing to discuss enhancing collaboration in the field of new and renewable energy.

The Ministry of Electricity is targeting increasing the renewable energy capacity by adding up to 30 gigawatts (GWs).

The Egyptian Ministry of Electricity and the European Investment Bank (EIB) have probe fostering cooperation in several fields, especially electricity interconnection and new and renewable energy projects.

The Egyptian Ministry of Electricity and Renewable Energy is set to boost its electrical capacity by 750 megawatts with the launch of two new renewable energy projects, slated for completion before the end of 2024, Asharq Business reported citing unnamed sources familiar with the matter.

The Egyptian Petrochemicals Holding Company (ECHEM), Misr Fertilizers Production Company (MOPCO), and the Norwegian companies SCATEC and Yara International have penned an agreement for the production of green ammonia in Damietta.