State-run Egyptian Electricity Transmission Company (EETC) signed on Wednesday two landmark agreements with a consortium of UAE Masdar, Infinity, and Hassan Allam. The agreements, signed in the presence of Prime Minister Moustafa Madbouly, will see the development of two solar energy projects on a build-own-operate (BOO) basis with a combined capacity of 1.2 gigawatts. Additionally, the agreements also involve the implementation of battery storage systems with a total capacity of 720 megawatts (MW). Prime Minister Madbouly said the agreements reflect Egypt's commitment to its Integrated Sustainable Energy Strategy. The strategy aims to increase the contribution of renewable energy to over 42 per cent of the national energy mix by 2030 and exceed 60 per cent by 2040, aligning with global advancements in renewable technologies and energy storage solutions. Landmark Projects Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat detailed the scope of the agreements, which include power purchase agreements for the construction of two solar plants totaling 1.2 GW, alongside advanced energy storage systems with a capacity of 720 MW. The first phase of the projects is scheduled to begin operations and connect to the national grid by July 2025, with the remainder expected to be completed later that year. The projects highlight the government's commitment to fostering public-private partnerships and encouraging both local and international investment in clean energy, he added. The minister further said the partnership with the Masdar-Infinity-Hassan Allam consortium is a model of strategic collaboration. It introduces advanced battery storage systems, a technology widely adopted globally to stabilise renewable energy networks and optimise power usage, particularly during peak demand periods. Attribution: The Egyptian Cabinet
