Cairo eyes role as clean energy exporter

Egypt starts to look beyond decarbonisation of its domestic power sector as investment in its renewables and emerging clean hydrogen sector gain momentum

While reaping record rewards from its gas exports, Cairo has also accelerated preparations this month to expand its emerging role as the Eastern Mediterranean’s clean energy hub. In mid-October, a consortium of France’s Engie, Japan’s Eurus Energy Holdings Corporation and the local Orascom Construction signed a 20-year agreement with state-owned Egyptian Electricity Transmission Company to develop a 500MW wind farm at Ras Ghareb, on the Gulf of Suez. The project is scheduled for completion in 2024. The trio had previously commissioned a 262.5MW facility nearby in 2019. Separately, Denmark’s Vestas and Amsterdam-based Lekela Power are also each developing 250MW plants in the same reliably win