MENA Weekly Round-Up: Egypt Allocates $2.8 Billion for Power, Renewables
Here are some noteworthy cleantech news and announcements from around the Middle East and North Africa region this week
September 8, 2025
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Egypt’s Ministry of Planning stated that the country has allocated E£136.3 billion ($2.8 billion) to the electricity and renewable energy sector in its 2025-26 development plan. The country’s budget for the power sector has nearly doubled from E£72.6 billion (~$1.49 billion) last year. The fund allocation follows the financial closure of Scatec’s $600 million solar power project and $1 billion wind project in June. Quick on the heels of the Scatec investment, Engie completed the 650 MW Red Sea Wind project ahead of schedule.
Egypt launched its green energy initiative valued at $200 million by signing a land usufruct agreement for the Atom Solar Egypt project in the Suez Canal Economic Zone. The project will set up an integrated solar industrial park in the Sokhna Industrial Zone spanning 200,000 sq m. A consortium of investors from Egypt, China, Bahrain, and the United Arab Emirates is developing the project, which will be rolled out in three phases over three years.
ACWA Power and the Ministry of Energy of Energy, Syria signed a joint development agreement to explore the potential development of around 2.5 GW of solar and wind energy projects in the country. The agreement includes the addition of energy storage solutions and the establishment of a national technical training center.
The Dubai Electricity and Water Authority announced that the six phase of the Mohammed bin Rashid Al Maktoum Solar Park, amounting to 1.8 GW, is 68.59% completed. Out of the 1.8 GW, a total of 1 GW is already operational. Nearly 2.24 million solar modules have been installed, with a total of 4 million solar modules expected to be installed upon completion of the project next year. The solar park’s current production capacity is 3.86 GW with an additional 800 MW under construction.
A new study conducted by a joint team of Omani researchers found significant evidence of wave energy potential in key stretches of Oman’s southern coastline. The analysis for the potential of wave energy was determined at three locations across the country’s eastern seaboard in Masirah and Shaleem, and Al Hallaniyat. The locations showed strong promises for wave energy development. On the other hand, Muscat showed more potential.
According to the energy tracking group Ember, Morocco has emerged as Africa’s largest importer of Chinese solar modules. In 12 months leading up to June 2025, Morocco imported 915 MW of modules from China. Morocco stands as the fourth-largest importer of Chinese modules in Africa, next to Algeria, which imported 1,199 MW of solar modules from China.