President El-Sisi met on Sunday with Scatec CEO Terje Pilskog and Sungrow Founder and Chairman Cao Renxian in the presence of Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Trade Kamel El-Wazir, and Minister of Electricity and Renewable Energy Mahmoud Esmat.
Presidential Spokesman Mohamed El-Shennawy stated that the talks with Sungrow centred on establishing a factory in Egypt with an annual capacity of 10 GW of storage batteries.
During the meeting, Sungrow’s chairman expressed the company’s readiness to cooperate with Egypt in localizing battery production and supporting the renewable energy supply chain, taking advantage of Egypt’s infrastructure and strategic location.
El-Shennawy added that El-Sisi reaffirmed the importance of the country's partnerships with Scatec and Sungrow in attracting foreign investment, creating jobs, and helping Egypt become a regional energy hub in the Eastern Mediterranean.
The presidential spokesperson said Scatec’s CEO reviewed with El-Sisi his company’s global clean energy portfolio and its projects in Egypt.
He noted that Scatec’s ventures in Egypt contribute to achieving the country's NWFE national platform, a presidential climate initiative with an investment portfolio of $3.6 billion.
Projects include the “Obelisk” solar plant in Nagaa Hammadi (1 GW with 200 MWh of storage for Egyptalum), the Egypt Green Hydrogen project in the Suez Canal Economic Zone, the Shadwan wind farm in Ras Shukeir, and a green ammonia plant in Damietta.
For his part, Sungrow’s chairman also outlined the company’s expertise in manufacturing power station components and storage batteries.
The meeting explored potential three-way cooperation between Egypt, Scatec, and Sungrow. Both executives praised Egypt’s efforts to facilitate their investments and align them with the country’s vision to become a leading producer and exporter of green energy.
President El-Sisi emphasized the importance of expanding cooperation with Scatec and Sungrow, instructing the government to maximize opportunities, ensure high-quality local production, and remove any obstacles to their operations in Egypt.
NWFE platform
Egypt launched the Nexus of Water, Food, and Energy (NWFE) platform in July 2022 as a national programme to attract international climate finance and accelerate the transition to renewable energy, sustainable agriculture, and efficient water use.
The initiative was formally presented at COP27 in Sharm El-Sheikh and has since become the cornerstone of Egypt’s climate strategy.
Built around three interconnected pillars, NWFE focuses on expanding solar, wind, and green hydrogen projects in the energy sector; modernizing irrigation and developing desalination plants in the water sector; and advancing climate-smart agriculture to boost food security.
The programme aims to align Egypt’s development needs with its 2050 Climate Strategy and its commitment to increase the share of renewable energy in the power mix to 42 percent by 2035.
The platform is designed as a country-led model that blends concessional finance, private investment, and development funding.
Key supporters include the European Union, the United States, Germany, the World Bank, and the European Bank for Reconstruction and Development, with an initial pipeline of projects valued at more than $15 billion.
Within the energy pillar, multi-billion-dollar projects with international partners, such as Norway’s Scatec, have already taken shape, encompassing large-scale solar and wind farms, as well as Egypt’s first green hydrogen and green ammonia plants.
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