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Nagah Hamadi Aluminum Factory Secures 1GW Renewable Power
The aluminum factory in Nageh Hamadi has contracted to purchase 1,000 megawatts of renewable solar energy from a foreign developer. This agreement aims to reduce electricity costs and increase the competitiveness of Egyptian industry, while aligning with European policies that mandate lowering carbon emissions through the Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM). Additionally, relying on renewable energy helps to decrease carbon emissions and improve energy efficiency, in response to the national initiative "Shams Al-Sinā'a" (Sun of Industry), which includes incentive legislation and financial support to ensure the sustainability of the Egyptian industrial sector.
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