Egypt has taken a significant step towards its renewable energy ambitions with the signing of two memoranda of understanding (MoUs) aimed at producing 5,200 megawatts of electricity from renewable sources. The projects will include 3,100 megawatts from wind energy and 2,100 megawatts from solar power, according to a government statement issued following the ceremony.

Prime Minister Mostafa Madbouly presided over the signing, which reinforces Egypt's strategic plan to expand its renewable energy capacity. The agreements align with the nation’s target of increasing renewables’ contribution to over 42% of the energy mix by 2030, with a further goal of surpassing 60% by 2040.

The first MoU involves the Egyptian Electricity Transmission Company (EETC), the New and Renewable Energy Authority (NREA), and Alcazar Energy. Under this agreement, studies will commence for a 2-gigawatt wind energy project to harness Egypt’s considerable wind resources.

The second agreement was signed with the Voltalia-Taqa Arabia alliance, focusing on a combined renewable energy initiative comprising 1.1 gigawatts of wind energy and 2.1 gigawatts of solar power.

Both projects will undergo comprehensive feasibility and environmental studies to ensure optimal conditions for renewable energy generation. These include assessments of wind and solar resource potential, bird migration patterns, and environmental sustainability factors.

Egypt’s focus on renewable energy projects demonstrates its commitment to diversifying its energy mix and addressing climate change, positioning itself as a regional leader in the energy transition. The new agreements also support global goals for reducing carbon emissions, showcasing the nation’s role in advancing sustainability within the Middle East and North Africa region.

These projects, when realised, are expected to significantly bolster Egypt’s renewable energy infrastructure, supporting its economic growth while advancing its environmental objectives.