Egypt Targets 60% Renewable Electricity by 2040
Equinor Pulls Out of Japan’s Offshore Wind Market Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… Egypt has steadily been increasing its renewable energy capacity and has even bigger plans for the coming decade.
While Egypt continues to rely heavily on fossil fuels, that could soon change thanks to high levels of private investment in green energy, supported by favourable national policies.
Egypt has significant potential to develop its solar and wind energy sectors, thanks to its favourable geographical conditions, with abundant land, including arid deserts, sunny weather, and high wind speeds.
The North African country has some of the highest solar irradiance levels in the world, with between2,000 and 3,200 kilowatt-hours(kWh) per square meter annually.
In recent years, the government has shown greater openness to energy diversification through private investment, supporting the aim of growing Egypt’s solar and wind capacity.
The Integrated Sustainable Energy Strategy (ISES) 2035 builds upon previous national frameworks and establishes renewable energy as a core component of Egypt’s green transition.
The government aims to generate42 per cent of electricity from renewable sources by 2030and increase this to 60 per cent by 2040.
It will do this by diversifying its energy mix to include wind, hydropower, photovoltaic solar, and green hydrogen.
The government has sought external support for its energy strategy and the development of a diversified energy mix, with the European Commission having contracted themanagement consulting firmCowater International to assess Egypt’s energy strategy over the next two decades.
In line with a greater openness to private investment, the government had signed around 32 Power Purchase Agreements (PPAs) with private developers by 2025 to produce 1,465 MW of renewable energy, with additional agreements underway.
Egypt hasalready developed several large-scale renewable energy projects, including the 1.8GWBenban Solar Park, which is set for expansion.
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