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Egypt’s Minister of Investment and International Cooperation, Hassan El-Khatib, met with representatives of two leading British renewable energy companies, Globeleq and PASH Global, during a recent visit to the UK capital.

The Wednesday meetings, which took place at the Egyptian Trade Office in London, focused on attracting further investment in Egypt’s burgeoning renewable energy sector and establishing the country as a regional hub for clean energy.

El-Khatib met with Globeleq, a major investor in renewable energy across Africa, and its CEO, Paolo De Michelis. Globeleq already has a significant presence in Egypt, with investments in the Benban solar power plant and a memorandum of understanding for green hydrogen production in the Suez Canal Economic Zone.

The meeting explored further investment opportunities for Globeleq in Egypt, supported by the British International Investment (BII), the UK government’s investment arm. The company expressed its interest in expanding its renewable energy investments and collaborating with the Egyptian government on a large-scale green hydrogen production project.

Globeleq, which has been operating in Egypt since 2003, entered the country’s renewable energy sector in 2014. The company also outlined its ambition to expand its investments in wind energy, build desalination plants powered by renewable energy, and develop projects to reduce reliance on liquefied natural gas imports, ultimately aiming to curb Egypt’s import bill. Globeleq also indicated its willingness to submit proposals for smart transportation projects using clean energy in Egypt.

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