Minister of Environment Khaled Fahmy - File photo
CAIRO – 8 October 2017: Egypt has the needed land plots and regulations to achieve a boom in the renewable energy industry, Minister of Environment Khaled Fahmy stated.
Speaking at the ninth Egyptian-German Renewables Day that took place in Cairo Sunday to promote cooperation in renewable energy between both countries, Fahmy said that Egypt previously didn't have "the right packages of policies" it has now to develop its renewables.
Fahmy noted that the business and environment sectors should work together to upgrade the energy resources.
On the Paris Climate Agreement, Fahmy said that developing countries will lead progress in global climate issues. "Egypt has the main mitigation tools to undertake the measure of the Paris Climate Agreement," he added.
Egypt targets generating 55 percent of energy from renewable resources by 2050, Fahmy noted.
In the same panel, head of German-Arab Chamber of Industry and Commerce Andreas Hergenrother said the shortage of energy resources and political will in Egypt will promote the renewable energy sector.
"The attending German delegation will offer several solutions regarding design and installation of PV power plants, energy shortage solutions and high quality measurement equipment," Hergenrother added.