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Egypt to Add 3 GW of Solar and Wind Power by Summer 2025

Egypt's Ministry of Electricity and Energy plans to add 3 GW of solar and wind power by mid-2025. Private sector firms will lead these projects, with investments exceeding USD 2.5 billion, aiming to boost the country's renewable energy capacity.

September 17, 2024. By EI News Network

Egypt's Ministry of Electricity and Energy has announced an ambitious plan to add 3 GW of solar and wind power to its national grid by the summer of 2025. This initiative will see private sector companies spearheading the development of these renewable energy projects under a build, own, operate (B.O.O) model.

In this model, the investors will be responsible for financing, constructing, operating, and owning the projects. The Egyptian Electricity Transmission Company (EETC) will commit to purchasing all the electricity generated from these plants for their entire operational lifespan. The solar power plants are expected to have a lifespan of about 20 years, while the wind farms will last around 25 years.

Among the key projects are a 500 MW solar power plant by Norway’s Scatec and a 1,000-MW solar project by UAE-based AMEA Power, which will be developed in two phases of 500 MW each. Additionally, a 650-MW wind farm will be developed by a consortium that includes Orascom Construction, Japan’s Toyota Tsusho, and France’s Engie. Another wind project, with a capacity of 200 MW, will be spearheaded by Saudi Arabia’s ACWA Power. Alongside these, there are plans for an additional 600 MW of solar projects, with the participating companies yet to be disclosed.

These projects are set to be implemented with investments totaling over USD 2.5 billion. They will primarily be located in Ras Ghareb near Hurghada and in Aswan. The development of these projects underscores Egypt's commitment to expanding its renewable energy sector and addressing the growing energy needs through sustainable means.

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Egyptian Electricity Transmission

Saudi Arabia ACWA Power

Ras Ghareb