Egypt plans to add 2,500 MW of renewable energy in 2026

Egypt's presidency announced on Tuesday a plan to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, aiming to bolster electricity stability and cut reliance on fossil fuels. The statement came after a meeting between President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and the ministers of electricity and petroleum.

The meeting reviewed progress on renewable energy projects, including wind, solar, and battery storage systems, as part of Egypt’s 2030 energy strategy.

Electricity Minister Mahmoud Esmat stated that the new capacity will connect to the unified grid this year, supporting sustainable supply, boosting efficiency, and reducing dependence on conventional fuels. He noted the government is revising its strategy to ensure renewables make up at least 42% of Egypt’s energy mix by 2030.

Petroleum Minister Karim Badawi outlined efforts to settle dues owed to energy companies, with a plan to clear all arrears before June 2026. He also reviewed recent oil and gas discoveries and drilling plans for the year.

President Al-Sisi emphasized the need for balanced expansion of renewable projects to position Egypt as a regional green energy hub. He called for tighter coordination among the electricity, petroleum, and finance ministries to speed up clean energy additions and secure financing amid rising demand while ensuring grid stability. The discussion also covered measures to secure supply during summer peaks and enhance industrial energy efficiency.

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Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with a delegation from UAE-based AMEA Power to review progress on renewable energy and battery storage projects with a combined capacity of 1,500 MW.

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Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, met with House Speaker Hesham Badawi ahead of his appearance before the Energy and Environment Committee. The minister outlined the ministry's strategy to safeguard electricity supply security and sustainability, advance the energy transition, and expand renewable energy use. Esmat reassured lawmakers about the national electricity system's performance and its ability to provide stable, uninterrupted power.

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced plans to fully pay off arrears owed to foreign oil and gas partners by the end of June. He revealed a gas discovery estimated at 2 trillion cubic feet and outlined strategies including hydraulic fracturing to boost production.

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Minister of Planning and Economic Development Ahmed Rostom told parliament that Egypt’s economy is projected to grow by 5.4% by the end of fiscal year 2026/2027, rising to 6.8% by the end of the medium-term plan in 2029/2030. The government adopted a cautious growth scenario amid regional and global uncertainty.

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