EGYPT – Onasolar, a leading Egyptian solar energy company, is accelerating the country’s renewable energy transition with plans to complete three major solar projects totaling 144 megawatts (MW) by mid-2025, according to an official from the company.
The projects include a 4-MW solar installation at Cairo Airport, scheduled for completion by June 2025.
The solar panels will be installed across seven airport buildings, including lounges, garages, and warehouses, enhancing the airport’s energy efficiency.
In West Sohag, Onasolar is constructing a 100-MW solar power station for the Egyptian Ministry of Electricity.
The project is expected to be operational by the first half of 2025 and will contribute significantly to the country’s renewable energy goals.
Additionally, a 40-MW solar station in Wadi El Natrun will power an agricultural project spanning 37,000 acres. This facility, which will connect to Egypt’s national grid, is expected to be completed by December 2024.
Onasolar has a track record of delivering large-scale renewable energy projects, including a 300-MW solar farm in Aswan for Alcazar Energy.
The company is targeting new projects with capacities between 500 and 1,000 MW in collaboration with the Ministry of Electricity, aiming to offer electricity at competitive rates.
Egypt supports Scatec’s 1,000-MW hybrid solar project
In parallel efforts to boost renewable energy, Egypt partnered with Norway’s Scatec for a 1,000-MW hybrid solar project, which is expected to be operational in early 2026.
The Egyptian government will cover 50% of electricity costs from the project in Egyptian pounds for the first three years, transitioning to a 25% local currency share and 75% in U.S. dollars for the remaining 22 years of the agreement.
The project, Egypt’s first hybrid solar plant of this scale, marks a significant milestone in the nation’s energy diversification strategy.
Scatec is currently finalizing land agreements and securing financing from development institutions. Construction is slated to begin in early 2025.
According to sources familiar with the deal, the agreed purchase price for electricity is 2.3 cents per kilowatt-hour, emphasizing Egypt’s commitment to affordable and sustainable energy solutions.
These developments reflect Egypt’s ambition to lead the renewable energy sector in the region, aligning with its long-term energy strategy and global sustainability commitments.
Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
