The energy will be used to produce washing machines, refrigerators, Delta electric water heaters and stoves.
The company said that such a deal comes in line with the Egyptian government’s efforts to encourage a clean energy transition and achieve long-term sustainable development.
The agreement includes two phases; the first phase will cover the installation of 1.5 megawatts, including one megawatt in the Delta factory, which manufactures refrigerators and washing machines, and 0.5 megawatts in the stoves factory.
Moreover, the company intends to install three more megawatts during the project’s second phase, aligning with Electrolux’s vision to achieve zero carbon emissions from its factories and sites by 2030.
“This agreement complements our company’s efforts in transitioning into a more sustainable facility. Thus, implementing solar power plants for clean and renewable energy is an appropriate solution to achieve our goal,” said CEO of Electrolux Egypt Maysam El-Hennawy
The action will reduce the company’s electricity consumption by around 17 percent, according to El-Hennawy.
Head of the Manufacturing Operations at Electrolux in Asia, the Middle East, and Africa, Ashraf El-Bahwash noted that Electrolux seeks to work with its suppliers to implement the same target and to participate in all alternative energy projects, adding that the stoves factory is globally recognised for being a zero waste facility.
Ahead of the UN Climate Change Conference 2022 (COP27), the Egyptian government is encouraging the private sector to adopt clean energy.
In this respect, the government intends to double the share of green public investments from to 30 percent in the current FY2022/2023, up from 15 percent in FY2021/2022, and to reach 50 percent in the FY2024/2025, according to Ministry of Finance data.