Thursday 21 Nov
Prime Minister Dr. Moustafa Madbouly and Minister of Electricity and Renewable Energy Engineer Mahmoud Essmat, oversaw the signing of two significant MoUs on Thursday at the New Administrative Capital. These agreements pave the way for the development of 5,200 megawatts of renewable energy capacity, comprising 3,100 megawatts from wind power and 2,100 megawatts from solar power.
Aligned with Egypt's ambitious renewable energy goals, these initiatives aim to increase the country's renewable energy share to over 42% by 2030 and 60% by 2040, leveraging advancements in renewable technologies and energy storage.
One of the MoUs was signed between the Egyptian Electricity Transmission Company, the New and Renewable Energy Authority, and Alcazar Company to initiate studies and measurements for a wind energy project with a total capacity of 2 gigawatts.
Another MoU was signed with the
Voltalia-Taqa Arabia consortium to commence studies and measurements for a
project to produce 1.1 gigawatts of wind energy and 2.1 gigawatts of solar
energy.
The Voltalia-Taqa Arabia project
is the first of its kind in Egypt to combine both solar and wind energy sources
and will be implemented in phases.
These studies will involve measuring wind speed and direction, bird migration patterns, solar irradiance, and conducting geotechnical, topographic, and environmental assessments. This is all part of Egypt's plan to replace traditional energy sources and rely on renewable energy, while supporting and strengthening the role of the private sector.
