The new investment announcements follow a major bet on the renewable energy sector by the Egyptian government last year. Last year, Egypt opened the door to foreign investment in green energy, announcing the aim of mobilising over $10 billion in private investment in the sector, including wind and solar power production. By 2024, Egypt had a total installed capacity of renewable energy of almost 7.8 GW, including hydropower, as well as wind and solar energy. The New and Renewable Energy Authority estimated that Egypt’s total renewable installed capacity reached approximately 8.6 GW last year. Egypt has significant green energy potential, and the government has begun to introduce new policies aimed at rapid sectoral expansion.

Source: The North Africa Journal January 17, 2026 16:42 UTC