Egypt approves $388M industrial solar deals

Dubai-based renewable energy company AMEA Power, TAQA Power, Enara Group and Neptune Energy have received qualification certificates for renewable energy projects under Egypt’s private-to-private (P2P) model. The projects, with a combined capacity of 400 MW and investment of $388 million, are designed to supply electricity directly to industrial consumers without state guarantees. They include solar and hybrid solar-wind plants aligned with Egypt’s national energy strategy. EgyptEra, in collaboration with an international consultant and the EBRD, reviewed seven applications and qualified four. AMEA Power will supply AP Moller and BEFAR Group. TAQA Power is set to serve Ezz Steel through a hybrid plant. Enara Group will power Helwan Fertilizer and El Alamein Silicon Products. Neptune Energy will deliver solar energy to Suez Steel. These projects support electricity market liberalization and private sector participation in Egypt.