A consortium of international companies, led by Spain’s Abengoa, plans to invest $15 billion in Egypt’s South Sinai region to construct a renewable energy complex capable of generating 10 GW of power through solar and wind technologies. Beyond power generation, the development is expected to strengthen Egypt’s industrial capabilities by encouraging domestic solar manufacturing. It also aims to support regional sustainability trends as neighboring Gulf nations push toward greener energy systems.

The UK’s British International Investment is backing Egypt’s first utility-scale hybrid solar and battery storage project. The 1.1 GW Obelisk project, developed by Norway’s Scatec, combines solar power with a 200 MWh battery energy storage system to stabilize the grid and ensure a consistent renewable supply. Once operational, the project will generate 3,000 GWh of clean power annually. Scheduled in two phases, the project’s first phase is expected to begin commercial operations in early 2026.

Egypt announced that it is developing incentive packages to accelerate investment in green hydrogen, targeting an 8% share of the global hydrogen market and up to 10 million tons of annual production. By expanding renewable energy to 42% of its electricity mix by 2030, the country intends to strengthen its low-carbon hydrogen industry, bolster economic growth, and deepen regional cooperation.

Infinity Power broke ground on its 200 MW Ras Ghareb Wind Project in the Gulf of Suez. The company signed an engineering, procurement, and construction contract with POWERCHINA Huadong Engineering Corporation for the project. It forms part of the European Bank for Reconstruction and Development-led Energy Pillar under Egypt’s Nexus of Water, Food and Energy initiative and supports Infinity Power’s broader ambition to deploy 10 GW of renewable capacity across Africa by 2030.

Bahrain’s Electricity and Water Authority received nine bids for a 10 MW solar project planned at the Rashid Equestrian and Horseracing Club. The turnkey project includes full engineering, procurement, manufacturing, installation, and commissioning works, designed to generate at least 16 GWh of clean electricity annually. The tender received bids ranging from BHD1.97 million (~$5.22 million) to BHD 4.06 million (~10.75 million), though two submissions were suspended due to eligibility concerns. The project’s contract duration is three years. This development comes as EWA advances its 100 MW Bilaj Al Jazayer Solar IPP, expected to be awarded in mid-2026.