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. The projects are scheduled to be completed and commissioned in 2027.
Furthermore, the Cabinet authorised the execution of land agreements between Kemet Industries Group, the New and Renewable Energy Authority, and the Future of Egypt Authority for Sustainable Development. It also permitted the conclusion of power purchase and grid connection agreements between Kemet Industries Group and the Egyptian Electricity Transmission Company. Additionally, the Cabinet approved licensing procedures for the establishment of a new 66 kV substation in New Fayoum City. The developments include commitments to support domestic renewable energy industries.
In February 2026, the European Commission 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.