Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



How does Egypt plan to produce 42% of its electricity from renewable sources by 2035?
Seven measures to achieve the goal, most notably reforming the market and boosting local manufacturing of energy production equipment
Published in Daily News Egypt on 17 - 12 - 2019

Economic development in Egypt depends on the energy sector, which represents 13.1% of gross domestic product (GDP). In order to meet the growing demand for energy, the Egyptian government has developed an integrated and sustainable strategy to diversify energy sources to ensure the stability of energy supply.
The strategy aims to strengthening the role of renewable energy and increasing energy efficiency in addition to rehabilitation and maintenance programmes in the electricity sector.
Egypt confirmed its commitment to spreading renewable energy technologies on a large scale, and the total installed capacity of renewable energy sources is 5,500MW, including 2,800MW of hydropower and about 2,700MW of wind and solar energy, of which 1,465MW from Benban solar park and 250MW from a wind farm recently opened.
The 2035 Integrated Sustainable Energy Strategy, which builds on previous strategies, emphasises the importance of renewable energy. Egypt intends to increase the supply of electricity generated from renewable sources to 20% by 2022 and 42% by 2035.
Hafez Salmawi, former managing director of the Electricity Utility and Consumer Protection Regulatory Agency, said Egypt has benefited from renewable energy, and has begun the transformation phase, developing the method and management of electricity networks, and attracting many Arab and international companies to invest in this promising sector.
According to the 2035 strategy, Egypt will produce 61,000MW of renewable energy, of which 31,000MW solar power, 12,000MW concentrated solar power, and 18,000MW wind power.
Salmawi added that the entry of Arab and foreign investors in the local market has led to a decrease in the cost of producing renewable energy in Egypt, and will increase investment opportunities during the coming period, but the rules for the IPP system that includes the construction of stations and the sale of electricity directly to consumers must be developed.
He stated that the contractual systems established by the government will attract many companies, and Egypt is still the best destination for investment in renewable energy, and upon the full liberalisation of the electricity sector the demand of factories will increase and convince companies to go for renewable energy, due to the rise in traditional electricity prices.
Mohamed Salah El-Sobki, head of the New and Renewable Energy Authority, said that the plan that Egypt started will not stop, and the market has become attractive for investment compared to other countries, due to the availability of a suitable legislative environment.
He pointed out that Egypt can produce 42% of its electricity from renewable sources by 2035, but the pace of work must be accelerated, opening the way for the private sector to expand in energy projects, in accordance with the new Electricity Law.
El-Sobki stressed that the private sector is always looking for additional incentives to pump more capital in the market, which must be taken care of, especially as the government's vision is integrated and relies heavily on the private sector to achieve its strategy.
The International Renewable Energy Agency (IRENA) recommended, in studying the prospects for renewable energy in Egypt, that seven major measures must be considered to accelerate Egypt's absorption of renewable energy.
IRENA stressed the need to update the strategies of the electric power sector to reflect the growing benefits of renewable energy in terms of lower costs and others, as well as simplify regulations and clarify institutional roles and responsibilities for wind and solar energy development.
IRENA stressed that there is a need of future updates to the energy strategy to reflect the potential of biomass, reform the existing market framework to improve the economic feasibility of projects, and conduct comprehensive campaigns to assess the capabilities of solar and wind energy sources.
In addition, IRENA advised expanding in renewable energy complexes to support risk mitigation and ensure financial feasibility of projects, developing a masterplan to enhance local manufacturing, and creating a thriving local industry.
Egypt has already followed three of these recommendations, including expanding in establishing complexes, such as Benban Solar Park, updating the energy strategy, and comprehensively assessing the capabilities of solar and wind energy.


Clic here to read the story from its source.