Egypt Doubles Electricity & Renewable Energy Investments for FY2025/26

The Egyptian government has allocated EGP 136.3 billion for the electricity and renewable energy sector in fiscal year 2025/2026, nearly doubling the EGP 72.6 billion assigned last year, according to a report released by the Ministry of Planning, Economic Development, and International Cooperation. Public investments will account for 73% of the total, with the private sector contributing 27%. The government aims to increase the sector’s output to EGP 655.6 billion in FY2025/2026, with projections reaching EGP 984.5 billion by FY2028/2029. Key plans include expanding renewable energy capacity to provide 20% of total electricity generation by FY2025/2026, up from 12% two years ago. The strategy involves scaling up solar and wind projects, adding 1,200 megawatts of new thermal power capacity, and allocating 2,900 square kilometres of land for renewable development. Infrastructure upgrades include commissioning nine new 500 kV transformer stations, replacing overhead power lines with underground cables, and improving grid links with Saudi Arabia, Sudan, Jordan, Libya, Cyprus, and Greece. These measures aim to strengthen Egypt’s role as a regional energy hub. International partnerships support this push, with funding from institutions including the German Development Bank (KfW), the French Development Agency (AFD), and the European Union, alongside concessional financing secured through Egypt’s NWFE green projects platform.