{"id":685292,"date":"2026-02-18T00:00:00","date_gmt":"2026-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/kemet-adds-4-7-gw-of-new-renewable-energy-in-upper-egypt\/"},"modified":"2026-02-18T00:00:00","modified_gmt":"2026-02-18T00:00:00","slug":"kemet-adds-4-7-gw-of-new-renewable-energy-in-upper-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/kemet-adds-4-7-gw-of-new-renewable-energy-in-upper-egypt\/","title":{"rendered":"Kemet adds 4.7 GW of new renewable energy in Upper Egypt"},"content":{"rendered":"

\n

Kemet powers ahead with 4.7 GW renewable push in Upper Egypt<\/p>\n

United Egypt Group\u2019s industrial arm Kemet will add 4.7 GW of new <\/strong>renewable<\/strong> capacity through four major projects across the Bahariya Oasis and Nagaa Hammadi<\/strong>, according to a cabinet statement<\/a>. Slated for 2027 operations, the rollout includes two solar plants in Bahariya Oasis (320 MW and 400 MW) and a massive 2 GW solar plant in Nagaa Hammadi paired with a 2 GWh independent battery energy storage system.<\/p>\n

Why it matters:<\/strong> The move is another step toward the state\u2019s 42% renewable energy target<\/a> by 2030 and includes one of the region\u2019s largest independent battery storage facilities. The storage component is critical for grid stability, allowing the national grid to manage the intermittent nature of solar power. <\/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

\n

Bonyan locks in new tenant, eyes revenue upside<\/p>\n

Bonyan is on a leasing streak, inking a five-year lease with Hassan Allam\u2019s<\/strong> Kortech for Building 106B in Nasr City<\/strong>, shortly after signing Nestl\u00e9 Egypt at Golden Gate Building A5<\/a>, it said in a statement<\/a>(pdf)<\/a>. The new tenant is set to move in this May, after the expiry of a legacy lease with B.Tech, giving Bonyan room to reset rents in line with current market levels.<\/p>\n

Why it matters:<\/strong> Bonyan plans to reprice 15.2k sqm of EGP-denominated contracts up for renewal this year, equivalent to around 42% of its total EGP office rental income. By phasing out older contracts with sub-market rents and replacing them with new agreements at prevailing rates, the company is turning renewals into a built-in hedge against inflation and currency risk.<\/p>\n

\n

Edita\u2019s distribution arm aims to turn its fleet electric<\/p>\n

Edita <\/strong>Trade & Distribution \u2014 a subsidiary of Edita Food Industries \u2014 <\/strong>partnered with local EV startup Shift EV to electrify its nationwide distribution fleet<\/strong>, according to a statement (pdf)<\/a>. The move aims to boost operational efficiency, cut down on fuel consumption, and create cost savings.<\/p>\n

REMEMBER-<\/strong> Edita Trade & Distribution maintains a fleet<\/a> of 1.2k trucks and 25 distribution branches that deliver to 60k locations across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Bonyan locks in new tenant, eyes revenue upside<\/p>\n","protected":false},"author":1,"featured_media":685293,"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":[7209],"tags":[111,8298,191,93,72,12550,83,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-685292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bonyan","tag-edita","tag-energy","tag-enterpriseam","tag-kemet","tag-real-estate","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"9a21b900-833f-4149-af83-82231129df63","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/271.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kemet adds 4.7 GW of new renewable energy in Upper Egypt","related_issue":[685274],"teaser":"Plus: Bonyan locks in new tenant, eyes revenue upside"},"yoast_head":"\nKemet adds 4.7 GW of new renewable energy in Upper Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/kemet-adds-4-7-gw-of-new-renewable-energy-in-upper-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kemet adds 4.7 GW of new renewable energy in Upper Egypt\" \/>\n<meta property=\"og:description\" content=\"Plus: Bonyan locks in new tenant, eyes revenue upside\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/18\/kemet-adds-4-7-gw-of-new-renewable-energy-in-upper-egypt\/\" \/>\n<meta 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will be completed within 18 months","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1930.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616848,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/12\/scatecs-nagaa-hammadi-solar-plant-is-going-to-be-twice-as-big-as-we-thought-cost-usd-1-1-bn\/","url_meta":{"origin":685292,"position":1},"title":"Scatec\u2019s Nagaa Hammadi solar plant is going to be twice as big as we thought, cost USD 1.1 bn","author":"enterpriseam admin","date":"12 March 2024","format":false,"excerpt":"The project is part of EgyptAlum\u2019s plan to ramp up production, comply with global sustainability and manufacturing standards","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/877.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":673178,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/07\/scatecs-solar-project-for-egyptalum-secures-ifo-backing-2\/","url_meta":{"origin":685292,"position":2},"title":"Scatec\u2019s solar project for EgyptAlum secures IFO backing","author":"enterpriseam admin","date":"7 October 2025","format":false,"excerpt":"Scatec will develop and operate the plant under a 25-year agreement","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542444,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/11\/renewable-energy-around-the-clock\/","url_meta":{"origin":685292,"position":3},"title":"Renewable energy around the clock","author":"enterpriseam admin","date":"11 December 2025","format":false,"excerpt":"Orascom Construction, France\u2019s Engie, and Japan\u2019s Toyota Tsusho to set up a 900 MW wind plant in Ras Shukeir","rel":"","context":"In "RENEWABLES"","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1263.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656507,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/05\/cabinet-grants-scatec-golden-license-for-usd-600-mn-1-gw-solar-project\/","url_meta":{"origin":685292,"position":4},"title":"Cabinet grants Scatec golden license for USD 600 mn, 1 GW solar project","author":"enterpriseam admin","date":"5 December 2024","format":false,"excerpt":"The news clears up some confusion as to why Scatec\u2019s project to power EgyptAlum seemed to abruptly double in size back in March","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/500.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615590,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/20\/this-evening-scatec-to-build-1-gw-solar-plant-to-power-egyptalums-nagaa-hammadi-complex\/","url_meta":{"origin":685292,"position":5},"title":"THIS EVENING: Scatec to build 1-GW solar plant to power EgyptAlum\u2019s Nagaa Hammadi complex","author":"enterpriseam admin","date":"20 February 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy hump day. The news cycle hasn\u2019t let up yet as we are bracing ourselves for a busy end of the week. THE BIG STORY TODAY- Another 1 GW solar plant by Scatec is officially underway: Norwegian renewables developer Scatec is set to build\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=685292"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685292\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/685274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/685293"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=685292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=685292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=685292"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=685292"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=685292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}