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Egypt signs renewable energy agreements worth a combined $1.8 billion

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Egypt has signed renewable energy agreements worth a combined $1.8 billion with Norway’s Scatec and China’s Sungrow, as the country steps up its energy transition efforts. The first deal involves a 25-year power purchase agreement between the Egyptian Electricity Transmission Company and Scatec, aimed at expanding renewable power generation.

The second agreement, signed with Sungrow, a leading global provider of battery storage technology, provides for the construction of a battery manufacturing plant in the Suez Canal Economic Zone. The deals support Egypt’s target of increasing the share of renewables in its electricity generation mix to 42% by 2030. Thami Ngubeni spoke to energy analyst Adil Nchabeleng and Professor Sampson Mamphweli, Head of the Energy Secretariat at the South African National Energy Development Institute (SANEDI).

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