{"id":675000,"date":"2025-11-06T00:00:00","date_gmt":"2025-11-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/infinity-power-hassan-allam-utilities-ink-complementary-agreements-for-solar-projects\/"},"modified":"2025-11-06T00:00:00","modified_gmt":"2025-11-06T00:00:00","slug":"infinity-power-hassan-allam-utilities-ink-complementary-agreements-for-solar-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/infinity-power-hassan-allam-utilities-ink-complementary-agreements-for-solar-projects\/","title":{"rendered":"Infinity Power, Hassan Allam Utilities ink complementary agreements for solar projects"},"content":{"rendered":"

More renewable ener<\/strong>gy coming to the country\u2019s energy mix:<\/strong> The Electricity Ministry and the Egyptian Electricity Transmission Company (EETC) signed complementary agreements with Infinity Power and Hassan Allam Utilities Energy Platform \u2014 an investment vehicle set up by Hassan Allam Utilities and co-owned by the EBRD and Meridiam \u2014 for two solar power plants with a combined capacity of 1.2 GW and 720 MWh of battery storage, according to a press release<\/a>(pdf)<\/a> from the two private players and a statement<\/a> from the Electricity Ministry. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The details:<\/strong> 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. <\/p>\n

Project background:<\/strong> The projects build on a landmark agreement first signed in November<\/a>2024<\/a> 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.<\/p>\n

What they said:<\/strong> \u201cThese projects reaffirm Infinity Power\u2019s commitment to driving Egypt\u2019s clean energy transformation and expanding access to sustainable power solutions across Africa,\u201d said Ahmed Mulla, Deputy CEO of Infinity Power. <\/p>\n

REMEMBER-<\/strong> The government wants to increase renewables\u2019 contribution to the energy mix to 18.6% by FY 2026-27<\/a>, 42% by 2030<\/a>, and 65% by 2040<\/a>.<\/p>\n

Preparing for more renewable capacity:<\/strong> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located in Minya and Aswan, the two projects will add 1.2 GW of solar power capacity and 720 MWh of battery storage to the national grid.<\/p>\n","protected":false},"author":1,"featured_media":675001,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,890,334,7111,151,7234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-675000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-hassan-allam-holding","tag-infinity","tag-infrastructure","tag-renewables","tag-solar-power","wpautop","entry"],"acf":{"mongo_id":"66195ecc-ad53-4b11-88ee-e17ed948d9e5","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/467.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Infinity 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"Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1703.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654959,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/11\/electricity-ministry-sets-offtake-prices-for-stored-solar-energy-plus-knauf-hassan-allam-construction-siemens-dynamic-distribution-aton\/","url_meta":{"origin":675000,"position":3},"title":"Electricity Ministry sets offtake prices for stored solar energy. PLUS: Knauf + Hassan Allam Construction, Siemens, Dynamic Distribution, Aton","author":"enterpriseam admin","date":"11 November 2024","format":false,"excerpt":"RENEWABLES- Egypt sets tariffs for stored solar energy: The Electricity Ministry has put a price tag on energy produced from solar and battery storage projects \u2014 USD 0.023\/kwh for projects set up by private investors under a build-own-operate (BOO) contract and USD 0.014\/kwh for projects where the government owns the\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1902.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641747,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/masdar-infinity-hassan-allam-utilities-are-setting-up-usd-900-mn-worth-of-solar-power-plants-in-upper-egypt-plus-nahdet-misr-environmental-services-eyes-wte-projects-with-initial-usd-100-mn-invest\/","url_meta":{"origin":675000,"position":4},"title":"Masdar, Infinity, Hassan Allam Utilities are setting up USD 900 mn worth of solar power plants in Upper Egypt. 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