The Egyptian cabinet has approved a large renewable energy project that marks a major step toward clean energy and energy security for the country. The initiative will be led by the Kemet Group and will include four separate projects with a total planned capacity of 4,720MW.
The development will take place in two main regions. In the Bahariya Oasis, the first phase will include two solar power plants with capacities of 320MW and 400MW. These plants are expected to strengthen the electricity supply in the western desert region and support Egypt’s renewable energy targets.
A much larger solar facility is planned in Nag Hammadi. This project will have a capacity of 2,000MW, making it one of the largest solar installations in the country. Along with the solar plant, a standalone battery storage system will also be built in Nag Hammadi. The battery facility will have a storage capacity of 2,000MW-hours. It will store surplus electricity produced during peak sunlight hours and release it when needed, helping to maintain grid stability and ensure a steady power supply even after sunset.
To move the projects forward, the government has approved land usufruct agreements between Kemet and key state bodies, including the New and Renewable Energy Authority and the Future of Egypt for Sustainable Development Authority. Power purchase and grid connection agreements will also be finalized with the Egyptian Electricity Transmission Company in local currency, making the process financially smoother.
The entire initiative is expected to be completed by 2027. Beyond power generation, Kemet has also announced plans to localize renewable energy manufacturing in Egypt. The group has signed a $500 million agreement with GCL Group to build a solar cell industrial complex. It has also partnered with Cornex New Energy in a $200 million deal to establish Egypt’s first major lithium-ion battery factory.
Through this integrated approach, Egypt aims not only to expand clean power generation but also to develop a strong domestic renewable energy industry.
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