Masdar to advance solar, battery projects in Egypt

Egypt's Cabinet has given the green light to UAE-based renewables developer Masdar to advance solar and energy storage projects in the country.

A Cabinet meeting chaired by prime minister Mostafa Madbouly on Thursday approved the implementation of a project to add 1,200 MW of solar energy capacity in combination with 240 MWh of battery storage in Egypt.

In addition, Masdar is now allowed to launch studies related to the implementation of a solar energy project with a capacity of up to 4 GW.

The announcement comes after in July, Egypt agreed to cooperate with the UAE to add 4 GW of renewable energy capacity to the power grid in the North African country starting next summer. The agreement was reached by Madbouly and UAE's Industry Minister and Masdar Chairman, Sultan Al Jaber.

In addition to these projects, Masdar in cooperation with partners is working on a 10-GW wind project in the North African country for which it signed a land access agreement in May with the government. In a consortium with Infinity Power Holding and Hassan Allam Utilities, the Abu Dhabi-based developer plans to build a 4-GW green hydrogen production capacity in Egypt.

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