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Egypt signs $1.8b deals with Scatec, Sungrow for integrated clean energy projects
Yomna Yasser Published in Amwal Al Ghad on 11 - 01 - 2026

Egypt's Prime Minister Moustafa Madbouly witnessed the signing of agreements on Sunday for two major renewable energy projects with combined investments exceeding $1.8 billion, including the construction of a locally manufactured battery storage plant.
The projects, located in Minya Governorate and the Suez Canal Economic Zone (SCZONE), are part of Egypt's strategy to localise renewable energy industries, enhance energy security, and support the country's green transition.
The first project, dubbed Valley for Sustainable energy – Energy Valley, is developed by Norway's Scatec. It involves a 1.7-gigawatt solar power plant in Minya with integrated battery storage systems providing 4 gigawatt-hours of energy capacity across Minya, Qena, and Alexandria.
The second, by China's Sungrow, will establish the Middle East and Africa's first factory to produce battery energy storage systems. The plant, in China-Egypt TEDA Suez Economic and Trade Cooperation Zone, will cover 50,000 square metres, create 150 direct jobs, and reach a production capacity of 10 GWh annually by April 2027.
The agreements included four contracts. The first was a power purchase agreement for the Energy Valley solar project between the Egyptian Electricity Transmission Company and Scatec's Energy Valley Sustainable Company. The second was a land lease contract for the Minya project between Egypt's New and Renewable Energy Authority and Scatec. The third land lease contract was finalised for Sungrow's battery factory. Finally, a supply contract was signed under which Sungrow will provide energy storage batteries for the Minya solar project.
"The localisation of renewable energy industries is a key pillar to enhance energy security and accelerate Egypt's green transition," Madbouly said. The projects also reflect global investor confidence in Egypt's industrial and investment climate.
Energy Valley solar project is among the world's largest integrated clean energy initiatives and the first in the region to supply stable, 24-hour electricity at competitive rates.
Attribution: Amwal Al Ghad English

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