Landmark Agreements Signed for 1.2GW Solar Projects and 720 MWh Energy Storage Systems

In the presence of H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, and H.E. Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of UAE, Hassan Allam Utilities, alongside Masdar (Abu Dhabi Future Energy Company) and Infinity Power announced today a landmark agreement with the Egyptian Electricity Transmission Company (EETC) as part of Egypt’s accelerated renewable energy initiative. The agreements include two Power Purchase Agreements (PPAs) for the construction of solar projects with a combined capacity of 1.2G gigawatts (GW) and 720 MWh (megawatt hours) Battery Energy Storage Systems (BESS), marking a major milestone in Egypt’s clean energy development.

The projects include a 900MW solar plant with BESS in Wahat, and a 300MW solar plant with BESS to be located in Benban. Once operational, these plants are expected to play a critical role in reducing carbon emissions, supporting Egypt’s sustainability ambitions, and increasing the supply of clean energy in Egypt.

It will also be the first development to come on stream in the broader strategic partnership between Hassan Allam Utilities, Masdar, and Infinity Power, which is looking to develop close to 11 GW of renewable power generation capacity in Egypt.

Amr Allam, Co-CEO of Hassan Allam Holding, stated: “We are excited to commence this long-term partnership with Masdar and IPH through this 1.2GW solar investment, which is the first project of an important pipeline of renewable energy and green hydrogen projects in Egypt. The private sector, in partnership with the government, plays a key role in advancing Egypt’s renewable energy production, and we are proud to play our part in this partnership. We are committed to driving the country’s decarbonization efforts and playing a pivotal role in advancing Egypt’s ambitious sustainability goals.”