On his side, Siemens AG president and CEO expressed the company's aspiration to develop its activities in Egypt.
The total capacity generated from renewables on the national grid currently amounts to 5,800 mega/watt.
In spite of the increasing care given to renewable energy, particularly solar and wind, bioenergy is still overlooked.
Egypt’s production jumped by 82.7 percent on an annual basis to reach 6.5 terawatt hours (TWh), exceeding the average increase of 14.3 percent during the previous 10 years.
Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, signed the Egyptian-Danish Energy Partnership Program (2019-2022) agreement with the Energy Agency of the Danish Ministry of Climate, Energy and Utilities, to unlock Egypt’s green transformation and invest in renewable energy.
the amount of electric energy generated from renewable energy (solar - wind) increased in 2017/2018, recording 2871 GWh, compared to 2780 GWh in 2016/2017.
The share of renewable energy in the total amount of power generated in Egypt annually is speculated to remain the same in 2020 compared to 2019.
The country targets to generate 20 percent renewables in electricity generation by 2022 and to reach 42 percent by 2035.
President Abdel Fatah al-Sisi will take part in the UK-Africa Investment Summit 2020 to be held on Monday.
National project manager of Egypt PV, the pioneer Small Scale Photovoltaic Systems project, speaks about how the project encourages investments in solar energy and works on raising public awareness, as well as the latest national developments.
Egypt Today shot photos and a video of the world’s largest wind farm, Gabal Al Zeit having a capacity of 500 MW and 390 turbines.
Nesel further ensured that Germany is looking forward to more achievements with the Egyptian Ministry of Electricity.
The State Ministry of Military Production seeks to localize the production of concentrated solar power (CSP) technology and manufacturing of solar stations’ components.
An electricity plant of 26 megawatts capacity based on solar energy in Kom Ombo, Aswan, is included in the investments, Khaiat added Monday.
The estimated cost of the project is $325 million, and it is expected to generate 2 billion kWH annually.
The head of the Suez Canal Authority and the economic zone of the Canal pointed out that it is intended to produce 7,200 MW of wind farms to be established in the region,
The total amount of electricity generated from renewable energy in Egypt has reached 6,000 megawatt, as the government seeks to increase the renewables’ share in the energy mix.
International funding focuses on utility and small scales
Egypt plans to increase renewable energy contribution to energy production to 37 percent by 2035 amid plans to engage the private sector in setting up renewable energy projects.
Zarou CEO explained that once the contract is signed, any financial dues will become the responsibility of the company and not the government.