Wednesday, 27 May 2026
Egypt and Norway launch $650 million solar power project
Egypt has taken a remarkable step toward green industrial growth, as the Ministry of Public Enterprises and the Norwegian Embassy in Cairo witnessed the signing of a major agreement to build a large-scale solar power plant for Egyptalum, the nation’s key aluminum producer.
The new agreement, signed between Egyptalum (Egypt Aluminum Company) and a project company owned by Norway’s renewable leader Scatec, will see the construction of a 1,000 MW solar station in Nag Hammadi. The $650 million project will be carried out in two phases and will include battery storage capabilities of up to 200 MW. All funding and operations will be handled by Scatec, under a power purchase agreement.
Minister Mohamed Shimi, Egypt’s Minister of Public Enterprises, welcomed Norwegian Ambassador Hilde Klemetsdal and highlighted the strong, historic ties between the two nations, grounded in mutual respect and a shared vision for sustainable development.
“This project represents a major leap for Egypt’s aluminum industry and demonstrates our commitment to green transformation and international partnership,” said the Minister.
The initiative forms part of Egypt’s national strategy to expand renewable energy, reduce operating costs, enhance competitiveness, and lower carbon emissions, while ensuring compliance with global sustainability standards. Egyptalum currently exports more than half of its output, much of it to Europe—making access to clean energy vital for global markets.
Ambassador Klemetsdal praised the partnership as evidence of the deep bonds between Egypt and Norway and growing Norwegian investment in Egypt’s priority sectors, especially renewable energy.
The agreement was signed in the presence of key Egyptian officials and business leaders, signaling a new chapter in sustainable industrial cooperation between Egypt and Norway.