, 2026, according to Egyptian state television, The Egyptian government has announced that it has formally signed a strategic cooperation agreement with Sunshine Power, a Chinese energy storage company, and Scatec, a Norwegian renewable energy transport developer, with a total investment of more than $ 1.8 billion (about 12.622 billion yuan).
It is understood that the investment will be used for the construction of large-scale solar energy and energy storage projects.
Specifically, Scatec, a Norwegian renewable energy transport developer, will develop the "Energy Valley" project in Minya Province, Egypt, and plan to build a 1.7 GW photovoltaic power plant . And supporting the construction of 4G Wh battery energy storage system . It is noteworthy that Scatec has signed a 25-year power purchase agreement with the Egyptian Transmission Company (EETC). Commitment to deliver 1.95 GW of solar power and 3.9 GWh of energy storage capacity to the Egyptian grid.
At the same time, Sunshine Power, a Chinese energy storage company, will build a battery energy storage system manufacturing plant in the Suez Canal Economic Zone with an annual capacity of 10g Wh . It is reported that part of the capacity of the plant will be supplied to the above-mentioned "Energy Valley" project . The plant covers an area of 50,000 square meters and is expected to start production in April 2027,
the report said.
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