Elsewedy Electric, Egypt’s leading energy and infrastructure conglomerate (SWDY), has announced plans to invest in at least two new renewable energy projects in Europe during 2026, as part of a broader strategy to expand its diversified clean-energy portfolio across the continent.
The company revealed this strategy in an interview with Wael Hamdy, First Vice President and Chief Executive Officer of Engineering and Construction at Elsewedy Electric. According to Hamdy, the initial phase will focus on deploying two battery energy storage system (BESS) projects in Greece with a combined storage capacity of 200 megawatt-hours (MWh). These flagship projects are expected to begin operations in early 2026.
In addition to the Greek ventures, Elsewedy Electric is targeting further renewable energy initiatives in three Eastern European countries, reflecting a strategic push into emerging clean-power markets beyond its current operational footprint.
The announcement underscores Elsewedy Electric’s commitment to supporting Europe’s energy transition while leveraging its global engineering, procurement, and construction (EPC) capabilities. The company already maintains an active presence in Europe through multiple business lines, including electrical infrastructure supply and power project development.
Hamdy noted that Elsewedy Electric is building on a strong operational base established over the past year. During 2025, the group completed and delivered conventional and renewable power generation projects with a total capacity exceeding 3 gigawatts (GW). These included major infrastructure developments in Tanzania, the United Arab Emirates, and Saudi Arabia, as well as several energy network projects across the Gulf region.
In Saudi Arabia, the company also commissioned the simple-cycle phase of a new power plant, with plans for the facility’s capacity to reach approximately 1,200 megawatts by 2027.
Elsewedy Electric’s European expansion occurs amid a broader global initiative to integrate more resilient and sustainable energy solutions. In February 2025, the group secured a landmark EPC contract for Hungary’s largest combined-cycle power plant, a hydrogen-ready facility that positions the company as a significant participant in continental energy infrastructure.
The targeted investments in battery storage and additional renewable capacity in Europe align with Elsewedy Electric’s long-term strategic roadmap to diversify into clean energy and strengthen its global footprint. With Europe continuing to prioritise decarbonisation and energy security, the company’s expanding portfolio could play a meaningful role in meeting regional grid stabilization and storage needs.
