• Egypt signs deal for 4,750 MW of wind power and 4,000 MWh of battery storage
• Projects planned in the Gulf of Suez, Zafarana, and other key sites
• Government lifts renewable energy target to 45% by 2028

Egypt has taken another step toward its renewable energy goals with a large-scale wind power program.

Yesterday, the government announced the signing of a cooperation agreement to finance a portfolio of projects including 4,750 megawatts of wind capacity and 4,000 megawatt-hours of battery storage.

The agreement was signed by the state-owned Tahya Misr Holding Company, the Ministry of Electricity, and the Ministry of Finance. It covers the development of wind farms in the Gulf of Suez, Ras Shukeir, Galala, and Zafarana. Battery storage systems will also be installed in several locations, including south of Cairo, Damanhur, and Wadi El Natrun.

Electricity Minister Mahmoud Esmat said Tahya Misr will lead both financing and execution, with electricity priced in Egyptian pounds. The projects are expected to come online within two years, in coordination with the state-owned electricity transmission company.

“The integration of battery storage systems will help improve the efficiency of renewable energy while ensuring grid stability during peak demand,” Esmat said.

The announcement also reflects a shift in Egypt’s national targets. The government now aims for renewable energy to account for 45% of the electricity mix by 2028, up from a previous goal of 42% by 2030.

The project is part of a broader transformation of Egypt’s power sector. According to GlobalData, solar capacity is expected to grow from about 2.9 gigawatts in 2025 to 34.3 gigawatts by 2035. Wind capacity could reach 15.1 gigawatts, compared with about 3 gigawatts in 2025.

Abdoullah Diop