A second agreement was also signed for the purchase of electricity from the same 900 MW wind project in Ras Shuqeir, developed by the same consortium.
By: Business Today Staff
Wed, Mar. 18, 2026
The Egyptian government, represented by the Ministry of Electricity, has signed a number of agreements with private sector partners to purchase renewable energy and develop independent battery energy storage stations, with a total combined capacity of 5,620 MW.
The first agreement grants land usufruct rights for a 900 MW wind power project in Ras Shuqeir, to be developed by a consortium comprising Orascom Construction, ENGIE, and Toyota Tsusho, operating under the project company “Shuqeir Wind Energy.” A second agreement was also signed for the purchase of electricity from the same 900 MW wind project in Ras Shuqeir, developed by the same consortium.
In addition, a third agreement was concluded between the Ministry of Electricity and Kemet Group, covering several renewable energy and storage projects. These include a 2,000 MW solar power plant in Nagaa Hammadi, a 2,000 MWh standalone battery storage facility in the same area, as well as two solar projects in El Oweinat with capacities of 320 MW and 400 MW.
These agreements represent a major step forward in Egypt’s efforts to scale up renewable energy production and integrate advanced storage solutions to enhance grid efficiency and support the country’s transition toward a more sustainable energy mix.