Egypt approved a major solar-plus-storage project in Minya Governorate, granting Nefer Minya Renewable Energy a golden license to develop 1 GW of solar capacity alongside a 600 MWh battery energy storage system. The $750 million project will be developed in the West Minya area on a site covering about 20 sq. km. Nefer Minya Renewable Energy is a joint venture between Infinity Power Holding and HAU Energy. The project is expected to be completed by the end of September 2027. The developer is also pursuing financing from the European Bank for Reconstruction and Development for the solar-plus-storage project, which is expected to decide on the proposed funding by September 9, 2026.