Renewables | Egypt Oil & Gas

EBRD, Scatec Team Up on $221 Mn Egypt Clean Energy Platform

Norwegian renewable energy company Scatec ASA and the European Bank for Reconstruction and Development (EBRD) have partnered to establish a renewable energy investment platform in Egypt to support the development and ...

Shell Divests Indian Renewables Arm Sprng Energy to ABRen

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to divest its entire stake in Solenergi Power Private Limited, including the...

EU Launches €25 Bn T-MED Initiative to Drive Mediterranean Clean Energy Infrastructure

The European Union (EU) launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) flagship initiative on June 9, aiming to mobilize up to €25 billion in total investment allocations by 2035,...

Europe Rooftop Solar Demand Surges Amid Energy Market Turmoil

Demand for rooftop solar systems across Europe has risen sharply following the outbreak of the war in Iran, as households increasingly seek protection from escalating power costs driven by severe global energy market ...

Egypt to Add 2,500 MW of Renewable Energy to National Grid in 2026

Egypt will add 2,500 megawatts (MW) of renewable energy to the unified national grid during 2026, strengthening the sustainability and stability of the national electricity system, according to Mahmoud Esmat, Minister...

Abdelatty, Scatec CEO Discuss Green Hydrogen and Africa Cooperation

Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates, met with Terje Pilskog, CEO of Norway’s Scatec, on January 13 to discuss expanding strategic investments in the renewable energy secto...

Rystad: Egypt’s Energy Model Becomes Regional Blueprint

Egypt is undergoing a fundamental structural transformation in its petroleum and natural gas sectors. A recent report by Rystad Energy, an Oslo-based leading independent energy research and business intelligence compa...

Global Energy Demand Slows as Renewables Surge, Egypt to Bring First Nuclear Plant Online by 2030: IEA

Global energy demand is expected to grow at its slowest pace in two decades as renewable power expands rapidly and fossil fuel consumption peaks before 2030, the International Energy Agency (IEA) said in its recently ...

US Delegation Explores Investment Opportunities in Egypt’s Energy Sector

As part of efforts to strengthen Egyptian-American investment relations, Karim Badawi, Minister of Petroleum and Mineral Resources, received a delegation from the US International Development Finance Corporation (DFC)...

Prime Minister Announces Approval of Two New Renewable Projects

Prime Minister Mostafa Madbouly has announced that the Cabinet, in its recent meeting, approved two major renewable energy projects for foreign investors, with direct foreign investment. The state aims to add more tha...

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