[Egypt approves Kemet Group's 2GWh energy storage project] On February 23, 2026, the Egyptian government officially approved four large-scale renewable energy projects of Kemet, a large local integrated industrial group, including 2.72GW of photovoltaic and 2GWh of energy storage, expected to be completed by 2027. Kemet promises to implement localization plans to support the development of Egypt's local renewable energy equipment and materials industry. It is reported that on January 18, 2026, Chinese energy storage battery manufacturer Chu Neng New Energy signed a cooperation agreement with Kemet to build an energy storage battery factory in Egypt, further deepening cooperation between China and Egypt in the field of new energy.Editor/Yang Meiling
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