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Thursday, 20 August 2026
Egypt has set a new benchmark for its energy transition, aiming for renewables to make up 45% of total electricity generation by 2028. The target underpins a broader push to scale up clean power capacity, expand battery storage infrastructure, and build out domestic manufacturing tied to the sector.
The goal was outlined during a meeting in New Alamein, where President Abdel Fattah Al-Sisi reviewed the national renewable energy strategy alongside Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Ahmed El-Abd, Chairperson of Concord Engineering and Contracting.
According to Presidential Spokesperson Mohamed El-Shennawy, the strategy centres on two parallel goals: lifting renewables' contribution to the national grid and scaling up battery energy storage systems to keep supply stable and reliable as that share grows.
Financing for the sector has already reached significant levels. Esmat told the meeting that cumulative investment in Egypt's electricity and renewable energy industry has hit roughly EGP 5trn since 2014 - a figure that reflects both state and international commitment to the buildout.
Foreign partners remain central to that equation. Discussions at the meeting touched on how international collaborators can continue offering technical expertise and financing, part of Egypt's wider ambition to establish itself as a regional hub for energy and for the manufacture of electrical equipment.
On the industrial side, Al-Sisi pushed for a shift toward partnership structures anchored in local content - starting with battery storage components. His argument: building up domestic renewable energy industries doesn't just support the climate transition, it strengthens energy security and adds value to the local economy.
That same logic extended beyond electricity. The president also instructed the government to grow domestic manufacturing and value-added processing tied to black sands, fertilisers, and rare-earth elements — part of a wider strategy to extract more economic value from Egypt's raw natural resources.
Source: Daily News Egypt
