Egypt has on Wednesday awarded qualification certificates to four private-sector renewable energy projects totaling 400 megawatts, as the country pushes forward with its clean energy transition and efforts to liberalise the power market. The certified projects—solar and hybrid solar-wind plants—will supply electricity directly to industrial clients under the Private-to-Private (P2P) framework, which allows energy producers to sell power without state guarantees. Total investments in the projects amount to $388 million. Electricity Minister Mahmoud Esmat said the move is part of broader reforms to attract private investment, enhance service quality, and improve grid efficiency in line with Egypt's Vision 2030 and sustainable development goals. "The power sector is moving toward a competitive, transparent, and investor-friendly environment that supports the green economy," Minister Esmat said in a statement. Under the P2P model, developers will pay a transmission fee to the Egyptian Electricity Transmission Company, while the state incurs no financial obligations. The projects were selected from seven applicants after a regulatory review by the Egyptian Electric Utility and Consumer Protection Regulatory Agency, in collaboration with the European Bank for Reconstruction and Development (EBRD), which helped design the P2P regulatory framework. The qualified companies and their industrial clients are: * Neptune Energy: supplying Suez Steel via solar energy. * AMEA Power: supplying AP Moller – Suez Canal Container Terminal and BEFAR Group using solar power. * Taqa PV: supplying Ezz Steel from a hybrid solar-wind plant. * Enara Renewable Energy: powering Helwan Fertilisers and Alamein Silicon Complex with hybrid solar-wind energy. The plants will help industrial firms lower carbon emissions and boost green exports by proving their use of renewable energy, the statement said. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
