Suez Canal Container Terminal (SCCT) has signed a power purchase agreement with Egypt’s New and Renewable Energy Authority (NREA), in coordination with the Suez Canal Economic Zone (SCZONE).
The agreement will enable the terminal to source 100 per cent of its electricity consumption from renewable energy.
The deal positions SCCT among the early adopters of fully renewable-powered port operations in Egypt.
The agreement was signed at the Cabinet headquarters in Cairo in the presence of Dr Mostafa Madbouly, Prime Minister of Egypt, with high-level state representation underscoring the strategic importance of the energy transition to the country’s ports and trade infrastructure.
Dr Mostafa Madbouly said: “The State places great importance on expanding the adoption of clean energy across various development projects. These agreements represent a successful model of integration between government entities and the private sector in delivering the State’s green transition objectives, enhancing the efficiency of ports and industrial zones, and strengthening the competitiveness of the Egyptian economy.”
The agreement is the result of more than two years of coordination between SCCT, SCZONE, the Ministry of Electricity (represented by NREA) and EgyptERA, and is designed to provide a structure that other Egyptian port operators can replicate as the country advances its renewable energy targets.
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Keld Mosgaard Christensen, CEO of Suez Canal Container Terminal, said: “This agreement is a defining moment for SCCT and for sustainable port operations in Egypt. By powering one of the region’s busiest gateways entirely with renewable electricity, we are cutting emissions at scale while showing what is possible when industry and government move together on the energy transition.
“I want to thank our partners at SCZONE, Ministry of Electricity represented by NREA and EgyptERA for the vision and partnership that made this possible.”
Once in effect, the agreement is expected to eliminate approximately 30,000 tonnes of CO2 emissions annually by replacing fossil-based grid electricity with solar and wind power, a reduction equivalent to 6 per cent of APM Terminals’ (APMT) group emissions against the baseline. The initial term runs for one year, with an option to renew.
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The deal supports APMT’s wider decarbonisation efforts, as the company works towards sourcing 100 per cent renewable electricity by 2030 and reaching net-zero greenhouse gas emissions across its value chain by 2040. Approximately 62 per cent of the company’s electricity is already sourced from renewables globally.
Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, added: “The collaboration between the New and Renewable Energy Authority and Suez Canal Container Terminal represents a model for partnerships aimed at promoting the use of renewable energy within ports.
“This contributes to reducing the carbon footprint of operational activities and keeping pace with the evolving requirements of global trade and supply chains, which are placing increasing emphasis on sustainability standards.”
