Kemet, TBEA sign MoU to establish Egypt’s first inverter manufacturing plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s TBEA. The agreement covers cooperation in renewable energy, the transfer
Egypt signs preliminary financing agreements for $1.8bn Energy Valley project
Prime Minister Mostafa Madbouly witnessed, on Monday, the signing of preliminary financing agreements for the Energy Valley sustainable energy project, with investments approaching $1.8bn, on the sidelines of the inauguration of the first phase of the Obelisk Solar Power Project
Egypt explores localisation of electrical equipment manufacturing with Chinese firms
Mahmoud Essmat, Minister of Electricity and Renewable Energy, concluded his meetings and field visits during his current trip to China with a series of discussions aimed at strengthening cooperation and advancing the localisation of electrical equipment manufacturing in Egypt. The
Egypt launches solar power plant in Djibouti, expanding renewable energy cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new solar power plant in Omar Jagaa village in Djibouti’s Arta region, marking a further step in strengthening bilateral cooperation between the two
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Egypt’s Electricity Minister, UK Ambassador discuss expanding renewable energy cooperation
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with the United Kingdom’s new Ambassador to Cairo, Mark Bryson-Richardson, at the ministry’s headquarters in the New Administrative Capital to explore opportunities for deeper cooperation and investment in the renewable
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two nations. The agreement was finalised
KarmSolar speeds up Egypt’s renewable energy drive
Egypt’s clean-energy transition is gaining fresh momentum as KarmSolar expands its footprint in the national solar market through a series of new, large-scale projects. The company, led by CEO Ahmed Zahran, plans to invest $110m over the next three years
EBRD invests $40m in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh
Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI
Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant