UAE companies, in partnership with Chinese and Egyptian firms, have announced plans to develop large-scale solar and battery storage projects and establish manufacturing facilities for renewable energy technologies in Egypt. This initiative forms part of a broader strategic collaboration between the UAE and Egypt, aimed at boosting renewable energy production and industrial development.
The agreements, formalized through memoranda of understanding, were signed during a ceremony in Egypt's New Administrative Capital. The event was attended by high-ranking officials, including Egyptian Prime Minister Mostafa Madbouly, UAE Industry Minister Sultan Al Jaber, and Egypt's Electricity Minister Mahmoud Esmat.
Abu Dhabi-based Masdar has partnered with Egypt's Future of Egypt for Sustainable Development Authority to develop a floating solar photovoltaic project of up to 3 GW on Lake Nasser and another solar energy project of 2 GW in Nagaa Hammadi. In addition, Masdar, alongside Infinity Power and Hassan Allam Utilities, has finalized power purchase agreements with the Egyptian Electricity Transmission Company to deliver 1.2 GW of solar power and 720 MWh of battery storage capacity through projects in Wahat and Benban.
Plans for manufacturing include a partnership between UAE's Global South Utilities and China's JA Solar to build two factories in Egypt. These facilities will have a combined capacity of 4 GW for solar panels and cells, with investments exceeding USD 200 million. Another collaboration, involving Global South Utilities and China's Weiheng, aims to construct a battery storage factory with a capacity of 1 GW.
During the signing, Egyptian Deputy Prime Minister Kamel Al Wazir highlighted the dual focus of these projects, noting their potential to meet local energy demand and position Egypt as a key exporter of renewable energy technologies.
