• Egypt Aluminium ranks sixth in global renewable buyers

• Signed over 1 GW PPA with Scatec

• Global corporate clean energy deals fall 10% in 2025

Egypt Aluminium ranked sixth worldwide among corporate renewable power buyers in 2025, according to BloombergNEF’s 1H 2026 Corporate Energy Market Outlook published on Feb. 19. The report analyzes clean power purchase agreements signed by companies globally and points to a market slowdown alongside increasing concentration among major players.

The Egyptian producer signed renewable power purchase agreements totaling just over 1 GW during the year, making it the only African company in the global top 10. That volume reflects a deal signed in March 2025 with Norway’s Scatec for a 1.1 GW solar project in Egypt, paired with a 100 MW/200 MWh battery storage system.

Egypt’s largest aluminum producer and one of the country’s biggest industrial electricity consumers, Egypt Aluminium exports about 60% of its output to Europe. Its shift toward clean electricity aims to cut the carbon footprint of its products ahead of the European Union’s Carbon Border Adjustment Mechanism coming into force.

Scatec, which is active across Africa, including in Egypt and South Africa where it supplies clean power to industrial clients, also ranked among the top global sellers identified by BloombergNEF in 2025. Their inclusion highlights the growing engagement of African industrial players in the energy transition, driven by efforts to secure reliable electricity, meet sustainability targets and preserve access to export markets.

Globally, corporate renewable power purchase agreements reached 55.9 GW in 2025, down 10% from the 2024 record. Contracts incorporating storage and hybrid solutions accounted for 5.8 GW, while baseload-style products, designed to provide a steady minimum level of power supply, represented 5.2 GW. The market was dominated by major technology companies such as Meta, Amazon and Google.

Abdoullah Diop