Local consortium will develop two major solar plants with capacities of 1,000MW and 200MW
A consortium of Egypt’s Hassan Allam Utilities Energy and Infinity Power has won contracts to develop two major solar projects with a combined capacity of 1,200MW and 720 megawatt-hours (MWh) of battery storage.
The agreements were signed with Egypt’s Ministry of Electricity & Renewable Energy and Egyptian Electricity Transmission Company (EETC).
The consortium will develop a 200MW solar plant in Benban, including 120MWh of connected battery storage, which is scheduled to reach commercial operation by the third quarter of 2026.
A second, larger 1,000MW solar plant will be built in Minya, incorporating 600MWh of storage and targeting completion by the third quarter of 2027.
The projects will be developed under the Hassan Allam Utilities Energy Platform, a renewable energy investment vehicle co-owned by Hassan Allam Utilities, the European Bank for Reconstruction & Development (EBRD) and France-based investment firm Meridiam.
The platform currently has 2.3GW of projects under development, with a total investment of about $2bn and commercial operation expected between 2026 and 2027.
Its wider pipeline includes 1.65GW of additional projects, comprising 350MW of solar and 1.3GW of wind capacity valued at $1.5bn.
Infinity Power, a joint venture of Egypt’s Infinity and Abu Dhabi Future Energy Company (Masdar), said the new projects form part of its strategy to reach 10GW of renewable capacity across Africa by 2030.
The company operates solar, wind and storage projects in Egypt, South Africa and Senegal.
US/India-based Synergy Consulting is providing financial advisory services to the consortium for the project.
The signing took place in the presence of Egypt’s Electricity Minister Mahmoud Esmat. The developments support Egypt’s goal of generating 42% of its total electricity from renewable sources by 2035.
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Mena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
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