Egypt has formalised a series of renewable agreements covering wind, solar, and battery energy storage system projects. These include plans to establish standalone battery energy storage systems with a total capacity of 5,620 MW. One of the agreements grants land usufruct rights for the 900 MW Shokeir wind project in Ras Shokeir. Furthermore, multiple other PPAs have been signed for several renewable projects across the country.
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The Republic of Tunisia’s Ministry of Industry, Mines and Energy has floated a tender for the development of a solar-plus-storage project. It will consist of a 300 MW solar plant with a 150 MW/540 MWh battery energy storage system. Located in Bazma in the governorate of Kebili, it is a part of the country’s national renewable energy development programme. The deadline for bid submission is October 14, 2026.
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Lyra Energy, a joint venture of Scatec in South Africa, has achieved financial close for the 255 MW Thakadu solar project and has commenced construction. The project will be implemented in two phases. Construction activities for the first phase have begun, while the second phase is scheduled to begin in the second half of 2026. The commercial operations date for the first phase is expected during the first half of 2027.
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The Government of Tanzania and Agence Française de Développement (AFD) have signed a financing agreement worth €130 million with Tanzania Electric Supply Company Limited (TANESCO). The soft loan will support the development of Tanzania’s first grid-connected solar project and upgrades to the national transmission network, transitioning towards a smart grid system.
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Zambia’s Ministry of Energy has entered into an implementation agreement with Goldenray Energy Limited for the development of a 118 MWp solar project in Sinazongwe district in the Southern Province in Zambia. The proposed solar project is scheduled to begin supplying electricity by early 2027. The development is expected to support ongoing initiatives aimed at strengthening the country’s renewable energy portfolio.
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Qair has completed financing for the Stor’Sun hybrid project in Mauritius, combining solar and battery energy storage systems (BESS). The total investment amounts to approximately around $150 million.The financing structure includes partnerships with SBM Bank, which supported Stor’Sun I, II, and IV, and MCB, which financed Stor’Sun III. The hybrid project combines 60 MW of solar capacity with 256 MWh of BESS capacity.
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The Egyptian Cabinet approved the implementation of four renewable energy projects by Kemet Industries Group, the executive arm of United Egypt Group for National Industries The approved portfolio comprises two solar plants in Bahariya Oasis with capacities of 320 MW and 400 MW. It also includes a 2,000 MWh standalone battery energy storage system in Nagaa Hammadi and a 2,000 MW solar plant in the same location.
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The European Commission has announced two renewable energy projects in Egypt with a combined value of approximately €124.3 million. Around €34.3 million will support the Sokhna green ammonia project, aimed at advancing green hydrogen development and related renewable energy deployment. Additionally, about €90 million will be allocated to the Egypt Grid Modernisation and Expansion programme.
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Lyra Energy has signed power purchase agreements (PPAs) with three unnamed commercial and industrial customers for a significant share of the power generated from the Thakadu solar project in South Africa. The 255 MW project will be developed in two phases, with financial close and construction of the first phase expected in the first quarter of 2026. The second phase of the project is scheduled within 2026 as well
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TAQA Morocco and Moeve have signed a preliminary land reservation agreement with the Government of the Kingdom of Morocco under the country’s Green Hydrogen Offer. The two companies were selected in 2025 as a consortium to develop a large-scale project focused on producing green ammonia and industrial fuel in the southern regions of Morocco. The agreement signing will enable the commencement of feasibility studies.
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SolarAfrica has achieved financial close of R 1.5 billion for the development of SunCentral 2, a 114 MW solar plant in the Northern Cape. The funding has been arranged through RMB and Investec Bank Limited. The project is scheduled to begin supplying power in 2026. SunCentral 2 follows SunCentral 1, which also has a capacity of 114 MW and reached financial close at the end of 2024.
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The state-owned power utility, Saudi Electricity Company (SEC), has completed the grid connection of a 7.8 GWh battery energy storage system (BESS) project across three sites in south-western Saudi Arabia. These projects comprise three BESS installations of 2.6 GWh each, located in Najran, Khamis Mushait, and Madaya. The BESS project is owned by SEC, with its subsidiary National Grid SA acting as the offtaker.
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Masdar and ENGIE have achieved financial close for the 1.5 GWac Khazna solar project in Abu Dhabi. The financing package has been secured from seven regional and international lenders, including Abu Dhabi Islamic Bank, Crédit Agricole Corporate and Investment Bank, KfW IPEX, BNP Paribas, Hong Kong and Shanghai Banking Corporation, Sumitomo Mitsui Trust Bank, and Emirates Development Bank.
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Masdar, together with Al Khadra Partners, Korea Midland Power Co. Ltd, and OQ Alternative Energy, has achieved financial close for the Ibri III solar independent power project. Financing has been secured from Natixis Corporate and Investment Banking and First Abu Dhabi Bank, covering a substantial portion of the project’s total cost of around $300 million. The project is being developed for Nama Power and Water Procurement.
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Nextpower and Abunayyan Holding have completed the incorporation of their joint venture (JV), Nextpower Arabia, headquartered in Riyadh, Saudi Arabia. The JV has been established to support the deployment of utility-scale solar projects across the Middle East and North Africa region. Additionally, the partners have announced a new advanced manufacturing facility in Jeddah that will be operational in the second quarter of 2026.
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Masdar has entered into a power purchase agreement (PPA) for a 150 MW solar project in Angola. The agreement secures long-term electricity offtake for the Quipungo solar project, which is located in Huila province in southern Angola. The PPA was signed with the Rede Nacional de Transporte de Electricidade (RNT-EP), the state owned electricity-transmission company.
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Israel’s Finance Ministry has announced that a new solar plant integrated with the battery energy storage system (BESS) will be developed at the Ashalim power station in southern Israel. The project is designed to deliver up to 80 MW of electricity to the national grid. It will include solar photovoltaic installations with a total capacity of 150 MW. Additionally, the project will incorporate a 400 MWh BESS.
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The European Bank for Reconstruction and Development (EBRD) has provided financing of about $200 million to Enerjisa Enerji Üretim A.Ş. to support the addition of 250 MW of new wind projects in Muğla, Türkiye. The 250 MW wind projects form a part of the broader 1,000 MW wind project portfolio being implemented by Enerjisa Enerji Üretim across the country. The projects are expected to produce around 630 GWh of electricity annually.
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SDG Namibia One Fund has entered into a development funding agreement with Zhero Europe to advance the Zhero Molecules Walvis Bay project, an industrial-scale green ammonia facility planned near Walvis Bay in Namibia’s Erongo region. The fund has committed up to $5.15 million to support development and feasibility activities required to move the project towards a final investment decision targeted for 2027.
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The International Finance Corporation (IFC) has announced a partnership with AMEA Power and Kyuden International Corporation of Japan to develop a large-scale solar and battery energy storage system project in Egypt. The collaboration will support the construction of the Abydos II project through Abydos For Renewable Energy. The project will be located in Aswan Governorate in southern Egypt.
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