Integrating 22 GW of Renewables Into the National Grid by 2030
According to the EIB, this financing would enable the integration of a total capacity of 22 GW of renewable energy into the national grid by 2030, enough to power nearly 10 million homes. Unlike traditional financing focused on generating assets in megawatts, this program targets transmission, grid resilience and intelligent dispatching management. Modernizing transmission infrastructure is a prerequisite for large-scale integration of intermittent sources, as highlighted by grid cybersecurity strengthening efforts across Europe.
This program falls under the Trans-Mediterranean Cooperation Initiative on Renewable Energy and Clean Technologies (T-MED), which aims to mobilize up to €25 billion in investments by 2035 in renewables, green hydrogen and clean technologies. The EIB states that these investments should reduce transmission losses, improve supply reliability and strengthen regional energy security. They would also contribute to the future development of clean energy trade across the Mediterranean. In this context, European capacity in wind turbines and electric vehicles already far exceeds the continent’s own needs, making trans-Mediterranean connections strategically relevant.
Egypt Targets 45% Renewables in Its Energy Mix by 2028
This financing comes amid an accelerated overhaul of Egypt’s national energy strategy. President Abdel Fattah al-Sissi announced last month a target to raise renewables to 45% of the country’s energy mix by 2028. The government also plans to expand the construction of grid-connected energy storage plants and develop standalone stations.
At end-2025, Egypt had an installed renewable capacity of 9,258 MW, according to the International Renewable Energy Agency (IRENA). The country relies primarily on solar and wind to drive this growth. Fossil fuels still account for approximately 87% of national electricity production, while solar and wind combined reach nearly 7% of the energy mix.
A Structural Gas Deficit Weighs on the Electricity System
Pressure on Egypt’s electricity system also stems from the decline in domestic gas production. The Zohr gas field, which had underpinned the country’s energy self-sufficiency, is experiencing a marked fall: its output dropped from a peak of 2.7 billion cubic feet per day (bcf/d) in 2019 to approximately 1.9 bcf/d, due to pressure decline and water encroachment. National gas production fell from 71 billion cubic meters (bcm) in 2021 to approximately 45 bcm. With output of approximately 4.1 bcf/d against domestic demand of 6.5 bcf/d, the country carries a structural deficit of approximately 2.5 bcf/d, forcing it to rely on liquefied natural gas (LNG) imports on the global spot market.