Egypt has announced plans to develop two solar power stations with an aim to generate clean energy and contribute to Egypt’s goal of producing 42% of its power from renewables by 2030, five years ahead of the initial target.
These projects, valued at a total of US $20M will be funded by the European Union. One of the projects, located at the Assiut Oil Refining Company, is expected to generate 10 megawatts of power upon completion within 11 months, with an investment of 550 million Egyptian pounds. The other initiative, situated at the Egyptian General Petroleum Corporation (EGPC), will have a capacity of 6.5 megawatts and an investment of 500 million Egyptian pounds.
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Energy potential
These endeavors highlight Egypt’s renewable energy potential, driven by abundant solar irradiation and expansive desert landscapes. By leveraging these natural resources, Egypt aims to not only meet its domestic energy needs but also position itself as a key player in the regional renewable energy sector.
Despite facing competition from neighboring countries in North Africa and the Middle East, Egypt is committed to accelerating its transition to renewable energy sources, supported by partnerships with international entities like the European Union. These projects represent important steps towards a more sustainable and environmentally friendly energy future for Egypt. The 2035 Integrated Sustainable Energy Strategy, which builds on previous strategies, emphasizes the importance of renewable energy. The country possesses an abundance of land, sunny weather and high wind speeds, making it a prime location for renewable energy sources.