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Renewable Energy

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Renewable Energy
  • Egypt possesses a key role in regional and global energy markets. This is most likely attributed to its geographical proximity and strategic location at the crossroad of international trade of oil and gas, in addition to the control of two major transit routes: the Suez Canal and the Suez-Mediterranean Pipeline (SUMED).
  • Egypt possesses an abundance of land, sunny weather and high wind speed, making it a prime resource for three renewable energy sources: wind, solar and biomass.
  • Moreover, Egypt is one of the countries lying in the solar belt region which is the most convenient for the solar energy applications. Solar Atlas reveals that the average of vertical solar radiation is between 2000-32000 KWh/m2/year and the rate of solar rise ranges between 9-11 hours/day offering investment opportunities in the various solar energy projects.
  • The west of Suez Gulf area is considered one of the most promising sites for construction of large wind farms projects due to the high wind speeds ranging between 8-10 meter/second and due to the availability of large uninhabited desert area
  •  Egypt's power Strategic plan depends on the diversification and expansion of energy resources and rational use of conventional energy resources.
  • Ongoing reforms in the regulatory framework and subsidies creating large opportunities for the private sector.
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