• Egypt approved four renewable energy projects totaling 2,720 MW of solar capacity and 2,000 MWh of battery storage.

• The government scheduled project completion and commissioning for 2027, with payments denominated in Egyptian pounds.

• Kemet signed a January 18, 2026 MoU with China’s TBEA to localize solar equipment and inverter manufacturing.

The Egyptian Cabinet announced on February 17, that it approved the implementation of four renewable energy projects led by Kemet Industries Group, the executive arm of United Egypt Group for National Industries.

The projects include two solar power plants with capacities of 320 MW and 400 MW in the Bahariya Oasis. The plan also includes a 2,000 MW solar plant in Nagaa Hammadi and a standalone battery energy storage system with a capacity of 2,000 MWh in the same area.

The government authorized the advancement of agreements between Kemet, the New and Renewable Energy Authority and the Future of Egypt Authority for Sustainable Development for land usufruct rights. The government also authorized agreements between Kemet and the Egyptian Electricity Transmission Company for electricity purchase and grid connection. Authorities expect the projects to reach completion and enter operation in 2027, and the government stated that payments will be made in Egyptian pounds.

The decision followed the signing of a memorandum of understanding on January 18, 2026, in China between Kemet and Chinese group TBEA. Minister of Electricity Mahmoud Essmat attended the signing ceremony. The agreement aims to localize the production of solar equipment and inverters in Egypt.

During the same month, Egypt inaugurated a 5 GW solar industrial complex in Ain Sokhna dedicated to manufacturing photovoltaic cells and modules.

These initiatives reflect the ambition of the Arab Republic of Egypt to position itself along the clean technology value chain. The country seeks to support local champions that operate in both component manufacturing and large-scale project development. Egypt aims to raise the share of renewable energy to 42% of its electricity mix by 2030. The country is also developing interconnection projects to export clean electricity, and it plans to rely in part on domestic industry to achieve these objectives.

This article was initially published in French by Abdoullah Diop

Adapted in English by Ange J.A de Berry Quenum