More renewable energy coming to the country’s energy mix: The Electricity Ministry and the Egyptian Electricity Transmission Company (EETC) signed complementary agreements with Infinity Power and Hassan Allam Utilities Energy Platform — an investment vehicle set up by Hassan Allam Utilities and co-owned by the EBRD and Meridiam — for two solar power plants with a combined capacity of 1.2 GW and 720 MWh of battery storage, according to a press release(pdf) from the two private players and a statement from the Electricity Ministry.

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The details: Under the agreements, the consortium will develop a 1 GW solar plant in Minya with 600 MWh of storage expected to go online in 3Q 2027 and a 200 MW solar plant in Benban with 120 MWh of connected battery storage, scheduled to kick off commercial operation in 3Q 2026.

Project background: The projects build on a landmark agreement first signed in November2024 between Masdar, Hassan Allam Utilities, and Infinity Power and EETC to develop the two projects, albeit with slightly different specs than those announced in the final agreements.

What they said: “These projects reaffirm Infinity Power’s commitment to driving Egypt’s clean energy transformation and expanding access to sustainable power solutions across Africa,” said Ahmed Mulla, Deputy CEO of Infinity Power.

REMEMBER- The government wants to increase renewables’ contribution to the energy mix to 18.6% by FY 2026-27, 42% by 2030, and 65% by 2040.

Preparing for more renewable capacity: Electricity Minister Mahmoud Esmat said Egypt is working to build a stronger and more flexible grid capable of absorbing larger renewable capacity and ensuring stable power supply nationwide. The government is introducing battery storage technology to enhance grid reliability.

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