The European Union (EU) is strengthening its strategic partnership with Egypt in the renewable energy field through an €690 million clean-energy grid investment to upgrade and expand the Egyptian electricity network.

Prime Minister Mostafa Madbouly witnessed the signing of a protocol agreement between three ministries to finance projects aimed at strengthening and developing the national electricity grid, with EGP 60 billion, to accommodate renewable energy capacity.

President Abdel Fattah El-Sisi reviewed the latest development of the second phase of energy projects to strengthen the national electricity grid

Korra Energi, through its alliance with High Dam Electrical & Industrial Projects Co (HIDELECO), has won project contracts to implement the first and third phases of a 500-kV transmission line linking the Gulf of Suez wind farms to Egypt's national grid.

Egypt's Cabinet has approved amendments to the regulatory rules governing the licensing of land-use licenses for renewable energy projects, expanding the framework to include battery energy storage projects needed to support the stability of the national electricity grid.

Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from the Japan International Cooperation Agency (JICA), led by Senior Vice President Mitsui Yuko, to discuss expanding cooperation in renewable energy, energy transition, digital transformation, and capacity building.

President Abdel Fattah El-Sisi reviewed Egypt’s renewable energy projects planned over the next two years, along with plans to increase the share of clean energy in the electricity mix to 45% by 2028.

Prime Minister Mostafa Madbouly held a meeting to review a proposed initiative aimed at expanding the use of new and renewable energy sources in factories across Egypt.

Egypt aims to generate 45% of its electricity from renewable energy sources by 2028, Prime Minister Mostafa Madbouly told the House of Representatives, outlining the government’s strategy to strengthen energy security as a regional war continues to weigh on global markets.

The European Bank for Reconstruction and Development (EBRD) has extended a $65 million construction bridging loan to HAU Energy to support the development of a renewable energy project in Benban, Aswan.

Arab Finance Interview with Hatem Romy, Chairman and Founder of Triple M Construction

Oriental Weavers has successfully completed independent verification and certification for its carbon footprint and renewable energy initiatives, reinforcing its position as a leader in applying best practices in sustainable industrial operations.

Minister of Investment and Foreign Trade Mohamed Farid met with Terje Pilskog, CEO of Norwegian renewable energy company Scatec, to discuss strengthening cooperation in renewable energy and green investment.

Egypt?is at an energy tipping point. Landmark projects like the Benban solar park – one of the largest solar parks worldwide – and vast wind farms in Zafarana have rapidly expanded the country’s renewable energy generation capacity. Yet the prospect of clean energy is tempered by a profound challenge: solar and wind power are not available at all times in every location.

Egypt-based company Kemet and the Chinese group GCL's Suzhou Weicheng signed a cooperation agreement to develop an integrated industrial complex for localizing the manufacturing of solar photovoltaic cells and modules.

Egypt signed agreements and contracts exceeding $1.8 billion to develop two integrated renewable energy projects and localize the manufacturing of their components.

Oriental Weavers Carpets has inaugurated its second photovoltaic (PV) solar power station with a capacity of 2.6 MWp at Oriental Weavers International in 10th of Ramadan City

By aligning IPO targets with IMF requirements, Egypt seeks to unlock foreign investments and reinforce its credibility in global markets.

Infinity Power has secured a $372 million refinancing facility from Absa Corporate and Investment Banking, a part of Absa Group, according to a statement.

Minister of Electricity Mahmoud Esmat approved the budget plan of the Egyptian Electricity Holding Company (EEHC) for the fiscal year (FY) 2025/2026, according to a statement.