Egypt

Iran and IAEA sign technical agreement to restart nuclear inspections

Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.

Voltalia unveils SPRING, a strategic plan to restore profitability by 2026

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.

Ethiopia commissions Africa’s largest hydroelectric dam

The Grand Ethiopian Renaissance Dam is now fully operational, with a planned capacity of 5,150 MW, marking a key step in the country’s energy deployment.
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Jordan ready to export electricity to Syria pending grid connections

Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.

Egypt commits $343mn to new gas drilling to support supply

The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.

Renaissance Dam could generate $1bn annual revenues for Ethiopia

The Grand Renaissance Dam, set to be inaugurated in September, aims to produce 5,000 megawatts and could generate up to $1 billion per year for Ethiopia, according to the government.
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Empower delivers solar power plant for L’Oréal Egypt and secures regional foothold

Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.

Vaalco Energy posts net income of $8.4 mn in second quarter 2025

The US oil company recorded sales and production above its forecasts, despite lower crude prices and reduced profit compared to 2024.

ISRAEL: NewMed Energy signs historic $35bn gas deal with Egypt through 2040

The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
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Solarcentury launches the first 25 MWp tranche of the Mailo solar plant in Zambia

Solarcentury commissions 25 MWp at Mailo, Zambia, connecting for the first time a merchant solar plant to the Southern African Power Pool and begins construction of the next phase.

BP discovers major offshore field in Brazil, its largest find in twenty-five years

BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.

The MENA renewable energy market will reach USD59.9 bn in 2030 driven by hydrogen and solar

Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.
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SANY launches 10 MW solar project in Zimbabwe with unique EP+F model

SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.

Electricity demand reaches 2,362 MW in Kenya as KenGen focuses on renewables

Kenya registers a historic record in electricity consumption, driven by industrial growth and a strong contribution from geothermal and hydropower plants operated by Kenya Electricity Generating Company PLC.

SEGULA Technologies accelerates its growth in Africa with a new office in South Africa

SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
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Egypt accelerates oil arrears payments to revive gas sector

The Egyptian government has paid over $1 billion to oil majors to secure natural gas production and restore international investor confidence.

AMEA Power commissions Egypt’s first large-scale battery energy storage system

AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.

Multilateral climate funds redirect energy finance towards emerging markets

Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.
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Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant

Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.

Egypt accelerates El-Dabaa national grid connection for 2026

Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.

The OPEC Fund approves nearly one billion dollars for strategic global projects

The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.

CEC Renewables issues $96.7 million in green bonds for its photovoltaic power plant in Zambia

CEC Renewables announces a $96.7 million green bond issuance, backed by international investors, to finance the second phase of its Itimpi solar plant, adding 136 MW to its installed capacity in Zambia.

Egypt inaugurates a 500 MW solar power plant in Aswan

Egypt strengthens its energy infrastructure with a 500 MW solar power plant in Aswan, a $500 million project developed by AMEA Power, aiming to diversify its energy mix and meet growing electricity demand.
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The Grand Ethiopian Renaissance Dam: Essential Cooperation for Sustainable Management of the Nile

The Grand Ethiopian Renaissance Dam offers hope for Ethiopia's energy needs and challenges for Egypt and Sudan's water security. Collaborative management is crucial to prevent crises in the Nile Basin.

Egypt: Increase in Fuel Oil Imports Amid High LNG Prices

Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.

The United States Calls for an International Coalition Against Houthi Attacks in the Red Sea

The U.S. administration urges international partners to unite against Iran-backed Houthis responsible for massive attacks on ships in the strategic Red Sea region. Military, economic, and diplomatic stakes are intensifying.
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Egypt Invites BP to Strengthen Investments in Hydrogen

Egypt Invites BP to Strengthen Investments in Hydrogen

The AfDB Funds a Historic 1.1 GW Wind Project in Egypt

The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.

Africa Redefines Its Refining Future: Opportunities and Challenges Amid Global Competition

Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.
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Alcazar Energy partners with Egypt for a 2 GW wind project

Alcazar Energy Partners signs a memorandum of understanding with EETC and NREA to develop a 2 GW onshore wind farm in Egypt, supporting the country's energy transition and its 2030 sustainability vision.

Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory

Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory

Oil and gas companies tackling methane

A Carbon Tracker report warns about the shortcomings in oil and gas companies' commitments to curb methane leaks, despite their critical climate impact.
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Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts

Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.

East Mediterranean LNG Prices Decline Amid Weak European Demand

Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.

Africa could create up to 3.3 million green jobs by 2030, according to an FSD Africa report

The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
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Zambia: The Ilute Solar Project Will Develop a Capacity of 25 MW

The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.

BRICS+ Members Strengthen Their Cooperation in Nuclear Energy

The BRICS+ Nuclear Energy Platform aims to share experiences and support the development of nuclear technologies among member countries, thereby enhancing collaboration in the energy sector.

Africa: Strategies and Challenges of Renewable Energy Policy

Africa is resolutely moving towards a renewable energy transition, combining economic growth with addressing the energy needs of 1.5 billion inhabitants. This evolution presents both strategic opportunities and complex challenges.
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COP29: Options are becoming clearer for the global finance agreement

Discussions at COP29 in Baku are advancing on the climate finance goal, with three options on the table to determine contributions from wealthy countries to developing nations.

TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in Ethiopia

TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.