Egypt boosts renewables target and launches oil, gas bid round

On August 12, 2026, Egypt announced plans to increase the share of renewables in its electricity generation to 45% by 2028, as reviewed by President Abdel Fattah El-Sisi. In parallel, the country launched an international bid round for oil and gas exploration in 14 blocks. These steps reflect Egypt's dual strategy to expand clean energy while continuing to attract investment in fossil fuels. The bid round is part of ongoing efforts to boost domestic energy production.