# Egypt Energy Profile — Complete Reference

**URL:** https://thecodex.expert/energy/countries/egypt/
**Session:** 52 | **Date:** 2026-07-09

## Summary

Benban Solar Park (Aswan, launched 2018) is one of world's largest PV installations — 40 plants of ~50 MW each, ~1.6-1.8 GW combined, financed substantially by EBRD (~$10bn across 150+ Egyptian projects). Renewable electricity share rose 8% (2015) to 12% (2023); total renewable capacity ~8.6 GW (FY2024/25: solar ~2.5GW, wind ~2.2GW, hydro ~2,832MW). Targets: 42% renewable by 2030, 58-60% by 2040. Mid-2024: declining domestic gas production + rising demand caused power shortages; Egypt signed ~$3bn LNG deals with Shell/TotalEnergies (late 2024, 60 shipments through 2025) — reversal from net gas exporter. Suez Canal Economic Zone positioned as green hydrogen export hub: ACWA Power ($4bn, up to 2MT H2/yr), Masdar, Globeleq, Siemens/Scatec (1MT/yr by 2035) all signed deals. Green Hydrogen Projects Incentives Law No. 2/2024 offers 33-55% tax rebates. Egypt targets 10% of global H2 demand by 2050 (per Minister, COP29). Analysts (Atlantic Council) flag tension: hydrogen export ambitions compete with domestic grid still gas-dependent. Sources: Chambers and Partners, AGBI, Atlantic Council, Egypt Oil & Gas, pv magazine, Gas Outlook, Gulf News.