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- Hassan Allam and Infinity Power sign a 1.2 GW solar deal in Egypt
Hassan Allam and Infinity Power sign a 1.2 GW solar deal in Egypt
Source: Infinity Power
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Renewable energy investment vehicle Hassan Allam Utilities Energy Platform and Infinity Power, Africa’s largest renewables player, have signed a deal with the Egyptian government to develop two large-scale projects. Together they will deliver 1,200 MW of solar power and 720 MWh of battery storage, marking the platform’s second project in Egypt.
The aim is to double Egypt’s renewables share of power generation to 42% by 2030. Renewables Rising’s database shows 2.9 GW completed this year and 7.1 GW plus 3.4 GWh of battery storage under development.
Egypt seeks not only to meet local demand but expand into export markets, with deals signed with Saudi Arabia, Greece and Lebanon. In 2023, it earned over $110 million from electricity exports to Sudan, Jordan and Libya.
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