Cairo: Prime Minister Moustafa Madbouli witnessed on Wednesday, March 18, 2026, the signing of a series of renewable energy agreements, including projects to establish standalone battery energy storage stations with a combined capacity of 5,620 megawatts. The signing ceremony took place at the government headquarters in the New Administrative Capital.
According to State Information Service Egypt, the agreements were signed between the Ministry of Electricity and Renewable Energy and several private sector companies, in the presence of Minister of Electricity Mahmoud Essmat. The first agreement grants land usufruct rights for a 900 MW wind power project in Ras Shokeir, to be developed by a consortium comprising Orascom Construction, ENGIE, and Toyota Tsusho (through its subsidiary AlEos), operating under the project company "Shokeir Wind Energy."
The second agreement covers a power purchase agreement (PPA) for the same 900 MW wind project, further boosting Egypt's wind energy capacity through the consortium. The third agreement encompasses power purchase deals for multiple projects, including a 2,000 MW solar power plant and a 2,000 MWh standalone battery storage facility in Nagaa Hammadi, as well as 320 MW and 400 MW solar plants in El Oweinat.
On the sidelines of the signing, Essmat said the agreements are part of Egypt's Integrated and Sustainable Energy Strategy, which aims to increase the share of renewable energy in the national energy mix to over 42% by 2030, rising to 65% by 2040. He noted that expanding renewable energy projects alongside battery storage adoption will reduce reliance on fossil fuels, cut carbon emissions, enhance grid stability and security, and ensure uninterrupted electricity supply.
Essmat highlighted Egypt's abundant solar and wind resources, emphasizing that the government has implemented measures to create an attractive investment climate, encouraging private sector participation and strengthening Egypt's leadership in the sector. He added that the initiatives form part of a broader energy transition program aimed at reducing fossil fuel dependence, lowering emissions, expanding clean energy utilization, supporting local manufacturing of electrical equipment, and promoting technology transfer while increasing local content in renewable projects.
The minister stressed the role of battery energy storage systems, widely used in renewable-based grids worldwide, in maximizing energy efficiency and maintaining grid stability, particularly during peak demand periods. Essmat reaffirmed that the private sector remains a key partner in renewable energy development, with the government committed to facilitating and supporting increased domestic and foreign investment in the sector.