Egypt Clears $388M Renewable Energy Projects

June 01, 2025

Key Figures & Findings: Egypt’s Ministry of Electricity and Renewable Energy, led by Mahmoud Esmat, has authorized $388 million worth of private renewable energy projects aimed at directly supplying electricity to industrial consumers under a new private-to-private (P2P) power model. This model allows private producers to generate and deliver electricity without reliance on state guarantees, aligning with Egypt’s Electricity Law, designed to liberalize the sector. Companies like Neptune for Electricity Production, AMEA Power, TAQA PV, and ENARA for Renewable Energy Services are among those granted qualification certificates. These firms will supply renewable power to key industrial clients, including Suez Steel, Ezz Steel, and the Suez Canal Container Terminal, enhancing Egypt’s clean energy landscape while fostering competition.

Statistics & Insights: The projects boast a combined capacity of 400 megawatts and a total investment of $388 million. Each company will pay a transmission fee to the Egyptian Electricity Transmission Company (EETC), contributing to grid infrastructure development without a financial burden on the state.

Future Implications: If fully implemented, this private energy initiative could enable Egypt to bolster its green economy agenda and accelerate its transition to cleaner, more sustainable industrial energy supply chains by 2028. This approach may also establish Egypt as a regional energy hub, improving its competitiveness and enhancing climate-related export opportunities.