Sungrow breaks ground on USD 120 mn battery storage plant in Egypt

Chinese renewables firm Sungrow has broken ground on its battery storage factory, Electricity Minister Mahmoud Esmat told Asharq Business. The USD 120 mn first phase of the project will have a production capacity of 2 GW, the minister said. The government will carry out the infrastructure and logistical works for the plant.

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We had an idea this was coming: Last month, company representatives met with President Abdel Fattah El Sisi, where they discussed setting up a battery storage factory with an annual capacity of 10 GW.

REMEMBER- The government aims to have its renewable energy capacity reach 10 GW alongside 2.85 GW in battery storage by the end of 2025.

Why it matters: Battery storage projects will play a critical role in stabilizing Egypt’s power grid, ensuring supply reliability, and improving flexibility across the unified grid.

IN OTHER INVESTMENT NEWS- Local players Sharkya Watanya for Food Security and Capital Agro will set up a USD 25 mn integrated food industrial and logistics complex in Sharqia, Asharq Business reports. The first USD 15 mn phase will focus on machinery and infrastructure and the project will eventually include a freezing and storage complex, quick freezing lines, and facilities for packing fresh and frozen fruits and vegetables.