Saudi Arabia announced the list of qualified bidders for the seventh round of renewable energy projects under its National Renewable Energy Program, totaling 5.3 GW of solar and wind power capacity. The round is being managed by the Saudi Power Procurement Company. The solar segment includes four projects totaling 3.1 GW: the 1.4 GW Tabarjal II project in Al Jouf, the 600 MW Mawqaq project in Hail, the 600 MW Tathleeth project in Aseer, and the 500 MW South Al Ula project in the Madinah region. The wind component comprises two projects in the Madinah region: the 1.3 GW Bilghah Wind independent power producer (IPP) and the 900 MW Shagran Wind IPP, together totaling 2.2 GW.

Chinese renewable energy company Elite Solar inaugurated a 5 GW solar manufacturing complex in Egypt’s Suez Canal Economic Zone. Located in the Ain Sokhna Industrial Zone, the complex comprises two factories. The first facility, built with a $40 million investment, has an annual solar capacity of 2 GW. The second factory, backed by $76 million, will produce up to 3 GW of solar panels and related components. The project, with a total investment of $116 million, was inaugurated on January 11, 2026.

Egypt signed renewable energy agreements worth $1.8 billion as part of its push to diversify its power mix and strengthen its position as a regional energy hub. One notable agreement includes Scatec securing a 25-year, dollar-denominated power purchase agreement with the Egyptian Electricity Transmission Company for 1.95 GW of solar capacity and 3.9 GWh of battery energy storage. The project is expected to generate approximately 6,000 GWh of renewable electricity annually, providing round-the-clock clean power and grid-stabilization services.

Chinese battery major Contemporary Amperex Technology (CATL) opened the Middle East’s first NING SERVICE Experience Center in Riyadh, marking its largest new energy aftermarket facility outside China. The Riyadh facility will offer full lifecycle services, including battery repair, maintenance, training, and recycling.

Dubai-based Alcazar Energy is in discussions with Egyptian authorities to acquire the Jabal Al-Zait wind farm on the Red Sea coast. The company submitted the highest financial bid, with the potential transaction valued at up to $350 million. The Jabal Al-Zait project covers approximately 100 square kilometers and consists of 300 wind turbines with a total installed capacity of roughly 580 MW. Alcazar is reportedly negotiating with Egypt’s sovereign fund and the Ministry of Electricity, with an agreement expected by the end of the first quarter.

Abu Dhabi-based renewable energy developer Masdar secured a power purchase agreement for the 150 MW Quipungo Solar project in Angola, marking its first such agreement in the country. The project is the first contracted facility under Project Royal Sable, a planned 500 MW renewable energy program spread across three locations in Angola. Located in the Huila Province, the project will supply electricity to Angola’s southern power grid under an arrangement with the state-owned transmission company, Rede Nacional de Transporte de Electricidade.