Officials from the Egyptian Ministry of Electricity with members of Egyptian Electricity Transmission Company posing for an image after signing several agreements.
The announcement, made on Wednesday by Hassan Allam, is a major step toward expanding Egypt's clean energy footprint.
The agreements, signed in the presence of Minister of Electricity Mahmoud Esmat, mark the second national project for Hassan Allam Utilities Energy and reinforce Egypt’s drive to diversify its energy mix and reduce reliance on fossil fuels.
Under the deal, the consortium will build a 200 MW solar plant in Benban with 120 MWh of battery storage, set to begin operations in the third quarter (3Q) of 2026, and a 1,000 MW solar facility in Minya with 600 MWh of storage, expected to go live in 3Q 2027.
The projects support Egypt’s goal of generating 42 percent of its electricity from renewables by 2030 and 65 percent by 2040, while enhancing grid stability through advanced storage technologies.
Infinity Power—Africa’s largest renewable energy firm—continues to expand its footprint across the continent, with a portfolio spanning Egypt, South Africa, and Senegal. The company is targeting 10 GW of operational capacity by 2030.
Hassan Allam Utilities Energy Platform currently holds 2.3 GW of projects under development, with commercial operations scheduled between 3Q 2026 and 3Q 2027, backed by USD 2 billion in investment. An additional 1.65 GW pipeline, including 350 MW of solar and 1.3 GW of wind capacity, is expected to attract USD 1.5 billion.
“These projects reaffirm Infinity Power’s commitment to Egypt’s clean energy transformation,” said Ahmed Mulla, Deputy CEO of Infinity Power.
“We are advancing projects that diversify the energy mix and pave the way for a more sustainable future,” added Omar Hosny, Vice President of Energy and Water at Hassan Allam Utilities.
A gradual transition to a green economy is a cornerstone of Egypt’s newly launched Narrative for Economic Development, which targets seven percent real GDP growth and the creation of 1.5 million jobs by 2030.
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