Egypt Approves Kemet's Renewable Projects, Aims for 42% Renewable Energy by 2030
The Egyptian Cabinet has authorized Kemet Industries Group to implement four renewable projects, including two solar plants and a battery storage system, expecting completion by 2027. A MoU with China's TBEA aims to localize solar equipment manufacturing. Additionally, EETC launched a tender for a 500 MW solar project in the West Nile region, with bids due by May 11, 2026, supporting Egypt's goal of achieving 42% renewable energy by 2030.
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The Egyptian Cabinet approved four renewable energy projects led by Kemet Industries Group, including two solar power plants (320 MW and 400 MW) in Bahariya Oasis and a 2,000 MW solar plant in Nagaa Hammadi, along with a 2,000 MWh battery storage system. Agreements with relevant authorities for land and electricity purchase were authorized.
The projects are expected to commence operation in 2027. A MoU with China's TBEA aims to localize solar equipment production. Concurrently, EETC issued a tender for a 500 MW solar plant in West Nile, with bids due by May 11, 2026, part of Egypt's strategy to increase renewable energy to 42% by 2030.
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