Egypt to add 2,500 MW of renewable energy capacity before summer

Egypt is set to add 2500 MW of renewable energy capacity to its national grid ahead of the upcoming summer, Presidential Spokesman Mohamed El-Shenawy said on March 4, quoted by Al Ahram. 

The development was discussed during a meeting among President Abdel Fattah El-Sisi, PM Mostafa Madbouly, and key energy-sector ministers. The meeting focused on strategies to ensure a stable electricity supply, particularly given ongoing regional tensions and their impact on energy prices. 

The government is prioritising securing the necessary gas supplies to meet electricity demand while managing the economic repercussions of the ongoing regional conflict.

President El-Sisi said maintaining strategic petroleum product reserves is essential to ensure the stability of the electricity grid and the continued supply of gas. He also explained the need to continue attracting foreign investment into the energy sector and to develop infrastructure to accommodate liquefied natural gas imports.

The meeting reviewed the recent agreement between Egypt and Libya to enhance cooperation in oil, gas, and mining, including joint efforts in exploration, refining, and petrochemical industries. Minister of Petroleum Karim Badawi highlighted plans to optimise oil refining processes to boost production and reduce fuel import costs.

The government is also preparing for the upcoming Egypt Petroleum Show (EGYPS 2026) in Cairo, which will further showcase the nation's energy sector developments.

Egypt’s updated renewable energy plan targets a 42% share of the national electricity mix by 2030, a goal recently accelerated from its original 2035 deadline. The strategy focuses on leveraging vast solar and wind resources in the Gulf of Suez and Western Desert, while positioning the country as a regional green hydrogen hub through more than $60bn in projected investments by 2040.