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Egypt to add renewable energy of 300-400 MW capacity in 2022 after the completion of current projects. New projects will also be implemented in next 2 years to boost the renewable energy to 10,000 MW said Mohammed Al-Khayyat, CEO of the state-owned New and Renewable Energy Authority.
“We expect new projects and the projects under construction to add 300-400 MW to the country’s renewable energy network this year,” Khayyat said.
He added, “Other projects are planned for 2023-2024…when they are completed, we expect the country’s production of solar power and other renewable energy sources to reach more than 10,000 MW…this target within Vision 2035 will certainly be achieved.”
Khayyat said, “new developments in this sector worldwide will allow Egypt to step up plans to boost renewables in the energy mix and this will surely open up massive opportunities for investors.”
The country will boost the production from renewable energy as per the Vision of Egypt 2035 and will invite investors to invest in renewable energy sector. Renewable energy projects are a crucial part of Egypt’s long term devlopment goals.