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Egypt Commits to Green Energy With Major Solar and Wind Projects

Summary by Egyptian Streets
Cairo is redrawing the map of its energy future with a USD 1.6 billion (EGP 79.36 billion) handshake sealed with Norwegian developer Scatec to build a 1 gigawatt (GW) solar plant and a wind energy project, beginning an ambitious push toward shedding its reliance on natural gas and embracing the promise of renewables. The twin agreements of a USD 600 million (EGP 29.76 billion), 1-gigawatt solar plant dubbed “Obelisk” and a USD 1 billion (EGP 49.…

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Egyptian Streets broke the news in on Tuesday, July 1, 2025.
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