CAIRO — Egypt has taken a significant step toward implementing its evolving State Ownership Policy after signing agreements with Alcazar Energy to invest, operate and manage the 580 MW Gabal El-Zeit wind farm on the Red Sea coast under a $420 million transaction. Gabal El-Zeit is among Egypt’s largest wind-energy projects and forms part of […]
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Cairo — Egypt’s offshore oil fields in the Sinai region have reached their highest daily production level in nearly a decade, underscoring the country’s growing focus on extracting additional value from mature hydrocarbon assets amid efforts to strengthen domestic energy supplies. The Ministry of Petroleum and Mineral Resources said production from the Sinai offshore fields, […]
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Cairo — Egypt’s discussions with China’s SANY Group have evolved beyond plans for a wind turbine factory to encompass renewable-energy projects with a combined capacity of up to 2,000 MW, as Cairo seeks to build a domestic clean-energy industrial base and position itself as a regional manufacturing and export hub. While Media reports have valued […]
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Egypt is accelerating efforts to expand rooftop solar adoption as part of a broader strategy to diversify the country’s electricity mix, reduce dependence on fossil fuels, and strengthen long-term energy security through wider deployment of decentralized renewable-energy systems. The latest policy push follows statements by Mansour Abdel Ghani, spokesperson for Egypt’s Ministry of Electricity and…
Saudi Arabia and Spain have moved to significantly broaden bilateral cooperation through the establishment of a new Saudi–Spanish Strategic Partnership Council, reflecting accelerating Gulf-European engagement across infrastructure, defense, investment, logistics and regional diplomacy at a time of mounting geopolitical and economic transformation. The agreement was signed during Saudi Foreign…
Norwegian renewable energy company Scatec plans to invest approximately EGP 5 billion in a new high-voltage transformer station and electricity transmission line in Egypt as part of broader efforts to support the country’s expanding renewable energy sector and strengthen grid stability, according to a government official familiar with the project cited by Asharq Business. The […]
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