Solar energy
The second phase follows the commissioning of the first 500-megawatt phase of the Obelisk project and its associated 200-megawatt-hour battery storage facility, both of which were connected to the national grid earlier this year.
This came during a press conference held Monday at the Grand Egyptian Museum to announce the inauguration of a solar power station at the museum.
Prime Minister Mostafa Madbouly ordered the swift launch of an incentive initiative for factories and households to transition to solar energy during a Crisis Management Committee meeting.
This report highlights the most prominent governorates that have become engines for attracting environmental investments, based on the latest government reports and initiatives.
The Cabinet’s Information and Decision Support Center (IDSC) highlighted a report by the Global Solar Council titled "Africa Market Outlook for Solar PV: 2026–2029."
The Industrial Modernization Centre (IMC) revealed that the solar cell station at the Grand Egyptian Museum (GEM) contributes to generating about 2.24 GWh of electricity annually, which helps in reducing carbon dioxide emissions by approximately 100.6 thousand tons annually.
The report indicates that new wind energy power plants are scheduled to be implemented, targeting their operation by 2030 with a capacity of 12,750 megawatts by the private sector.
The project agreement with the Egyptian Electricity Transmission Company spans 25 years and involves a total investment cost of SR 611 million.
The ministry pointed out that 20 of those had been established over the past few years to serve 100,000 South Sudanese citizens.
As part of Egypt's strategy to promote the transition towards a green economy, expand the utilization of new and renewable energies, and diversify energy sources for industrial electricity production, the recent collaboration between the Ministry of Public Business Sector and the Norwegian company SCATEC marks a significant milestone.
This comes in light of the great success of the solar energy station in Benban in Aswan Governorate, which is one of the most important stations in the world.
That is in addition to four rainwater harvesting dams.
The construction of the Gulf of Suez wind station, which is owned by the New and Renewable Energy Authority, comes within the framework of the state’s plan to diversify energy sources and expand renewable energy projects.
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040.
Some 4,000 kilometers in Upper Egypt are allocated to power-generating solar and wind stations, an official source in the Ministry of Electricity told Egypt Today Monday.
Chairman of the General Authority for Free Zones and Investment (GAFI) Hossam Heiba met Wednesday with Manager of Invest India Aprajita Saini.
The Nuclear Materials Authority of the Ministry of Electricity was able to break into the field of manufacturing pure silicon, where the authority manufactured, for the first time, an electronic chip, starting from pure quartz ore.
It spans over 3,312 square kilometers, and has almost 100,000 dwellers.
The value of the projects to be established per those agreements is $85 billion.
He said that transitioning to a green and sustainable energy sector is necessary not only to achieve economic growth, but also to enhance important aspects of people's lives such as health and education.
