Egypt to invest $83 B in renewable energy projects
Egypt is planning to pump nearly $83 billion into solar energy and other renewables projects in the next few years as part of a push to expand renewable sources in its energy mix.
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Egypt, Cairo: Egypt is planning to pump nearly $83 billion into solar energy and other renewables projects in the next few years as part of a push to expand renewable sources in its energy mix.
This is according to a government report. The projects should raise the share of wind, solar and other renewable energy sources to nearly 42% in 2030, said the report published by the Egyptian daily Addustour.
The report, dubbed “an economic strategy document” said the projects would materialise following the signing of several agreements with global companies for the construction of solar and wind power plants as well as green hydrogen projects. In conventional electricity, the report also noted that several projects planned or underway are interconnection projects with Saudi Arabia, Sudan, Greece and Italy, and in-country grid expansion.
Source: Zawya