Under the agreement, the AOI will implement the second phase of the solar power project, adding approximately 3 megawatts of capacity. With an estimated investment of EGP 76.17 million, the project is expected to be completed within 12 months.

The project will be implemented through the Arab Renewable Energy Company, an AOI subsidiary specializing in renewable energy technology and manufacturing. The company operates advanced production lines and employs a workforce trained in modern digital manufacturing technologies.

Speaking at the signing ceremony, Mohamed Abdel-Fattah Abu Bakr, Chairman of the AOI, highlighted the importance of cooperation with the Ministry of Electricity and Renewable Energy, praising its support for joint initiatives aimed at expanding clean energy production and strengthening Egypt’s renewable energy industry.

He said the AOI remains committed to implementing President Abdel Fattah El-Sisi’s directives to increase the share of renewable energy in Egypt’s electricity mix, reduce reliance on conventional fuels, lower carbon emissions, and localize renewable energy-related industries.

These efforts, he added, are aligned with Egypt’s Sustainable Development Strategy, Vision 2030, which places sustainable energy and industrial development among its key priorities.

Abu Bakr also underscored the organization’s continued coordination with the Ministry of Electricity and Renewable Energy to expand renewable energy projects, including efforts to raise renewables’ share of the electricity mix to 45% by 2028.

He stressed that the AOI is working to strengthen the domestic manufacturing base under the “Made in Egypt” initiative by attracting local and foreign investment and promoting industrial integration between its manufacturing facilities and private-sector expertise.

According to Abu Bakr, the organization has developed an ambitious strategy to meet growing demand in both domestic and African markets by providing high-quality solar power generation solutions at competitive prices.

He noted that the AOI is upgrading its manufacturing capabilities and production lines through the integration of advanced digital manufacturing systems, enabling the production of high-quality solar panels and enhancing the competitiveness of Egyptian products in international markets.

The organization also aims to expand its presence across African markets, building on its experience in implementing renewable energy projects in Egypt and several African countries.