Egypt has signed renewable energy agreements worth a combined $1.8 billion, according to a report by state television on Sunday. The deals include contracts with Norwegian renewable energy developer Scatec and China’s Sungrow, as Egypt works to expand clean power generation and storage capacity.
The country aims for renewable energy to account for 42 percent of its electricity generation mix by 2030, although officials have warned that achieving this target could be difficult without increased international support.
One of the agreements involves Scatec constructing a large solar power plant and associated energy storage facilities in Minya, in Upper Egypt, according to a statement from the Egyptian cabinet.
The project will have a power generation capacity of 1.7 gigawatts and will be supported by battery storage systems with a total capacity of 4 gigawatt hours.
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A second project covered by the deals is the establishment of a Sungrow factory in the Suez Canal Economic Zone to manufacture energy storage batteries. The cabinet said part of the factory’s output will be supplied to support the Minya solar and storage project.
The agreements also include power purchase arrangements. Scatec said in a separate statement that it signed a deal covering a total capacity of 1.95 gigawatts and 3.9 gigawatt hours of battery storage systems, reinforcing Egypt’s push to scale up renewable energy generation and storage infrastructure.
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Image Credit: Sharm Club
