Background

Egypt remains a relatively new market for renewable energy with significant potential and ambitious targets.

Policy Framework

The legal framework in place is fairly recent: National Renewable Energy Strategy (2008).

The Egyptian Solar Plan, approved in July 2012, set a target for 2,800 MW of CSP and 700 MW of solar PV by 2027

Target Setting

Egypt is seeking to derive 20% of its energy from renewable sources by 2020:

• 12% from wind (equivalent to 7200 MW)

• 6% from hydro

• 2% from solar PV

Electricity sector reform, a modern grid infrastructure, proposed feed in tariffs (FiTs) and a dedicated fund would lay the foundation for further growth in the RE sector. Several studies are being conducted on connecting Egypt to the European grid.

Project Pipeline

• Kureimat Solar Thermal Hybrid Project

• Kom Ombo CSP Project

• West Nile River Wind