CAIRO – 3 May 2026: Prime Minister Mostafa Madbouly oversaw the signing of a protocol agreement between Tahya Misr Holding for Investment and Development and the Ministries of Electricity and Renewable Energy and Finance to finance a series of renewable energy initiatives.

The agreement covers the development of wind farms across key locations, including the North Gulf of Suez, South Ras Shukeir, Jabal El Galala, and Northwest Zaafarana, with a total planned capacity of 4,750 MW. It also includes the establishment of standalone battery energy storage systems with a combined capacity of 4,000 MWh in South Cairo, Damanhour, and Wadi El Natrun.

The move comes in line with directives from President Abdel Fattah El-Sisi to expand renewable energy deployment, increase the share of clean energy in Egypt’s power mix, and gradually reduce reliance on fossil fuels.

The protocol further aims to strengthen the national electricity grid by integrating advanced storage solutions, upgrading infrastructure, and enhancing the grid’s ability to accommodate renewable energy. These efforts support Egypt’s broader energy strategy, which targets raising renewables to 45% of the energy mix by 2028.

Minister of Electricity and Renewable Energy Mahmoud Esmat said the agreement will accelerate project execution and grid integration. He noted that Tahya Misr Holding will finance and implement the projects, with electricity generated to be priced in Egyptian pounds in line with existing frameworks applied to other developers.

He added that coordination agreements will be concluded between the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority, alongside project developers, with completion and grid connection expected within two years.

Esmat stressed that expanding renewable energy, cutting carbon emissions, and diversifying energy sources remain top priorities for the sector. He also highlighted the importance of battery storage systems in ensuring efficient energy use and maintaining grid stability, particularly during peak demand periods.

The minister reaffirmed the private sector’s role as a key partner in driving renewable energy investments, noting ongoing government efforts to attract both local and foreign capital into the sector