Egypt has announced new tariffs for solar energy storage, a major policy shift aimed at accelerating renewable energy investments.
The country’s Ministry of Electricity and Renewable Energy has set pricing for solar energy generated and stored in battery systems, according to local media.
Under the new structure, privately-owned projects developed on a build-own-operate (BOO) model will be compensated at a rate of $0.023 per kilowatt-hour (kWh). In contrast, projects where the government retains ownership of the solar facilities but private investors provide storage capacity will receive a slightly lower tariff of $0.014 per kWh.
This move comes as Egypt pushes to diversify its energy mix and reduce reliance on traditional fossil fuels.
Key projects underway include a one-gigawatt solar plant in Benban, which will be Africa’s largest solar facility once complete, with a storage capacity of 600 megawatt-hours. This project is being developed by UAE-based AMEA Power, along with other initiatives by major players such as Masdar and Hassan Allam Utilities.
The tariff announcement is expected to attract further investments in Egypt’s solar energy sector, particularly in storage technologies, which are critical for stabilizing renewable energy supply.
By encouraging private sector participation through competitive pricing, Egypt aims to establish itself as a renewable energy hub in the region.
