Masdar-Led Trio Seals Egypt’s 1.2GW Deal

Quick Take: Egypt’s solar ambitions just went regional—Masdar, Infinity, and Hassan Allam unite for 1.2GW of sun-powered momentum.

Key Figures & Findings: Egypt’s cabinet has approved two landmark power purchase agreements (PPAs) between the Egyptian Electricity Transmission Company (EETC) and a consortium of Masdar, Infinity Power, and Hassan Allam Utilities. This green energy deal will generate massive solar capacity and introduce significant battery storage. 

 Statistics & Insights:

• Solar Capacity: The two solar projects will generate a combined 1.2GW of power with 720 MWh of battery storage. 

• Automotive Investment: The EV factory is expected to cost €135 million in its initial phase, with construction completing in 12 months.

Future Implications: Once operational, the solar projects could supply power to more than one million homes and reduce emissions by over 2 million tonnes of CO₂ annually. Also ,the  project’s scale and strategic partnerships are expected to accelerate Egypt’s 42% renewable energy target while boosting investor confidence in large-scale energy storage integration.

Source:Zawya