Egypt could generate more than half of its electricity from renewable energyStaff Writer | October 13, 2018
According to a new report from the International Renewable Energy Agency, Egypt has the potential to generate 53% of its electricity from renewable energy sources by 2030 and could reduce its energy bill by up to $900 million annually.
Africa Egypt’s economic development hinges on the energy sector
The government has set targets for renewables to make up 42% of the country’s electricity mix by 2035, based on rapid solar and wind deployment.
While investments in renewables would have to increase, the proposed shift would cut the country’s energy costs by USD 7 per megawatt hour (MWh) on balance, even before considering the health benefits of reducing air pollution. ■