Egypt’s Minister Pushes for Fast-Tracked Renewable Energy Deals

  • Egypt’s Minister of Electricity, Mahmoud Esmat, met with Masdar officials to discuss enhancing renewable energy projects, including solar and wind power, to diversify energy sources.
  • Esmat stressed the need to complete solar and storage projects totalling 1,200 MW and 720 MWh by the end of the year to boost Egypt’s energy capacity.
  • Egypt aims to increase renewable energy’s share to over 42% by 2030 and 65% by 2040, seeking more excellent private-sector investment and international cooperation.

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with Mohamed Jameel Al Ramahi, CEO of Masdar, and Ali Al Shammari, Vice President, at the International Renewable Energy Agency (IRENA) General Assembly and Abu Dhabi Sustainability Week. The meeting aimed to strengthen Egypt’s renewable energy efforts, focusing on diversifying energy sources and expanding renewable projects.

Esmat and Masdar officials discussed Egypt’s ongoing renewable energy projects, particularly solar and wind energy. They explored ways to speed up the execution and integration of these projects into the national grid. The talks highlighted recently signed agreements for solar power projects totalling 1,200 MW and battery storage systems with a combined capacity of 720 MWh.

Esmat stressed the importance of completing these projects within the year. He emphasised that the projects would boost Egypt’s power generation and ensure a stable electricity supply. Solar and wind energy will play key roles in meeting Egypt’s energy needs.

After the meeting, Minister Esmat visited the Al Dhafra solar power plant in the UAE. The plant has a capacity of 2,100 MW, making it one of the largest in the region. During the visit, Esmat learned about the plant’s operational technologies and its role in reducing carbon emissions. He compared the energy output with the plant’s full capacity and discussed the infrastructure, including the number of solar panels and powered homes.

Esmat noted that the visit and discussions aligned with Egypt’s energy transition goals. The Ministry focuses on increasing reliance on clean and sustainable energy sources. Esmat reiterated Egypt’s target of generating over 42% of its electricity from renewable sources by 2030. He also highlighted a further goal to increase this share to 65% by 2040.

Esmat emphasised that achieving these targets would require more investment in renewable energy and greater involvement from domestic and international private-sector players. Egypt’s strategy aims to attract more private investment to expand renewable energy projects. The country’s energy transition efforts are crucial to its sustainable development plan.

Esmat’s meeting with Masdar forms part of Egypt’s ongoing efforts to enhance its energy sector. The government works to diversify its energy mix and reduce its dependence on fossil fuels. Egypt seeks to increase the contribution of renewable energy to its power grid, reduce carbon emissions, and promote sustainable energy solutions.

The visit also reflects Egypt’s commitment to international cooperation in the renewable energy sector. Through partnerships like those with Masdar, Egypt aims to develop large-scale projects and build the necessary infrastructure to support its energy goals. The country has already made significant strides in renewable energy, particularly solar and wind energy, and strives to continue this progress.

As Egypt moves forward, it plans to accelerate the development of its renewable energy projects. By collaborating with international companies like Masdar, Egypt hopes to strengthen its energy sector and contribute to global sustainability efforts. With a clear focus on clean energy, Egypt is a leader in the region’s renewable energy transition.

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