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Elham AbolFateh

Egypt

Egypt can save $ 900 million annually thanks to renewable energy

Thursday 11/October/2018 - 01:37 PM
Sada El Balad
Rehab Sayed
A report published by the International Renewable Energy Agency (IRENA) revealed that Egypt could produce 53% of its energy needs through renewable sources between now and 2030، noting that this shift in energy production could make the country saves $ 900 million annually.

But to do so، Egypt should increase its ambitions in this sector، which means raising spending on renewable energy from $ 2.5 billion to $ 6.5 billion annually.

Egypt، which currently produces 3.7 gigawatts of renewable energy، is aiming to raise the share of renewable energy from its capacity to 20 percent by 2022 and to 42 percent by 2035.

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