Egypt Secures $560 Million Solar Mega-Project
Hassan Allam Construction, a subsidiary of Hassan Allam Holding has been awarded a contract worth 570 million dollars for the construction of the West Minya Solar Plant in Egypt. The project is a joint venture with Sterling and Wilson Renewable Energy Ltd., and would be developed by Hassan Allam Utilities’ Energy Platform.
The company, in a statement announcing the contract award, said, “The project is a landmark renewable energy development that combines 1,000 MWac of solar photovoltaic (PV) capacity with a 600 MWh battery energy storage system (BESS). Hassan Allam Construction’s scope covers the full engineering, procurement, and construction, including grid connections and supporting systems.”
It added, “This renewable energy project is pivotal to Egypt’s national energy strategy, helping achieve 42% of its energy mix from renewables by 2030 and 65% by 2040, while reinforcing the country’s position as a regional leader in clean energy.”
“This milestone reflects the strong confidence of international partners in Egypt’s energy program. Today, over 50% of Hassan Allam Utilities’ portfolio is represented by foreign investors, underscoring the Group’s key role in enabling global partners to collaborate alongside strong local champions in strategic sectors, while employing skilled Egyptian talent and facilitating industry knowledge transfer to local companies,” the statement said.
