Egypt approved its first private-to-private (P2P) green energy contracts, allowing four renewable energy projects totalling 400 MW to supply electricity directly to industrial consumers—marking a major shift in the country's energy market. The pilot scheme, developed with support from the European Bank for Reconstruction and Development (EBRD) and Egypt's electricity regulator (EgyptERA), enables private generators to sell power directly using the national grid—ending reliance on the state as the sole buyer. Approved projects include 100 MW solar and hybrid plants by KarmSolar, AMEA Power, TAQA PV, and Enara, serving companies such as Suez Steel, Ezz Steel, and Helwan Fertilisers. The reform is a key step in Egypt's push to liberalise its electricity sector, promote clean energy investment, and help exporters meet low-carbon requirements in global markets. All projects will be privately financed, offering a scalable model for renewable energy growth without burdening the state budget. Attribution: Amwal Al Ghad English
