Egypt eyes green energy expansion with China

Egypt plans to incorporate over 50 gigawatts of renewable energy by 2030 and hopes that China Energy will seriously consider partnership opportunities in these projects, Egyptian Prime Minister Moustafa Madbouly stated on Thursday.

This statement came during Madbouly’s meeting with China Energy Chairman Song Hailiang on the sideline of the Forum on China–Africa Cooperation in Beijing.

Madbouly emphasised Egypt’s strong interest in localising solar panel production and other renewable energy technologies, acknowledging China’s leadership in these fields, particularly in energy storage batteries.

He expressed Egypt’s readiness for collaboration and highlighted the country’s appreciation for Chinese investments, including those from China Energy.

The prime minister mentioned the ongoing solar power plant project and China Energy’s proposal to invest in Cairo International Airport’s cargo village as key areas of interest.

Song Hailiang noted that China Energy is involved in 12 projects in Egypt, with a total investment of $2 billion. He attributed the success of these projects to the Egyptian government’s ongoing support and expressed gratitude to the Prime Minister for this.

Song also revealed plans for a significant green hydrogen project in the Suez Canal Economic Zone (SCZONE) and hopes to strengthen cooperation in exporting renewable energy to Europe.

Additionally, China Energy is considering relocating its North Africa headquarters to Egypt and is interested in establishing the region’s first green ammonia factory.

The partnership aims to enhance collaboration in renewable energy, with China Energy looking forward to accelerating the establishment of green ammonia production facilities and other related ventures.