Egypt’s Hassan Allam Utilities Energy Platform, a renewable energy investment vehicle co-owned by Hassan Allam Utilities, the European Bank for Reconstruction and Development (EBRD) and Meridiam, has signed power purchase agreements with Infinity Power, Africa’s largest renewable energy company, to develop two major solar and battery storage projects with a combined capacity of 1,200 megawatts (MW) of solar power and 720 megawatt-hours (MWh) of storage.
The agreements, signed with the Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company (EETC), were witnessed by Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy. The projects mark a major step in Egypt’s national strategy to boost renewable energy’s share in the power mix, reduce reliance on fossil fuels, and strengthen grid stability through advanced storage technologies.
Under the deal, the consortium will develop a 200 MW solar plant in Benban, including 120 MWh of storage, targeting commercial operation in the third quarter of 2026, and a 1,000 MW solar project in Minya, with 600 MWh of storage, expected to come online by the third quarter of 2027. Together, the projects will support Egypt’s target of generating 42% of its electricity from renewables by 2030 and 65% by 2040, reinforcing the country’s position as a clean energy leader in the region.
Infinity Power, a joint venture between Egypt’s Infinity and UAE-based Masdar, continues to expand its footprint across Africa with a portfolio spanning solar, wind, and energy storage projects in Egypt, South Africa, and Senegal. The company aims to reach 10 GW of operational capacity by 2030 as it advances scalable renewable technologies and grid integration efforts across the continent.
For Hassan Allam Utilities Energy Platform, this marks its second major renewable project in Egypt. The platform currently holds 2.3 GW under development, expected to begin operations between 2026 and 2027, with an additional 1.65 GW pipeline across solar and wind projects. The total investment is valued at about USD 3.5 billion, positioning the platform as one of Egypt’s most active private clean energy developers.
“These projects reaffirm Infinity Power’s commitment to driving Egypt’s clean energy transformation and expanding access to sustainable power across Africa,” said Ahmed Mulla, Deputy CEO of Infinity Power. “We are focused on delivering advanced solar, storage, and grid technologies that strengthen energy security and long-term sustainability.”
Omar Hosny, Vice President of Energy and Water at Hassan Allam Utilities, added: “This agreement represents a meaningful step forward in Egypt’s energy transition. Through our collaboration with the Ministry of Electricity and Infinity Power, we are advancing projects that diversify the energy mix, enhance grid resilience, and pave the way for a more sustainable future.”
Egypt, one of the region’s fastest-growing renewable energy markets, has accelerated its transition plans in recent years through public-private partnerships aimed at expanding solar, wind, and battery storage capacity to meet surging demand and export clean power to neighbouring markets.
