The Egyptian government is committed to accelerating the country's renewable energy projects. Egypt plans to produce about 10,000 MW of solar and other renewable energy power by 2023.
The government expects to see growth in renewable energy capacity as many energy projects will be completed and commissioned in the coming year. The Egyptian government aims to boost the share of clean and green energy in the North African country's energy mix. 10GW!
Ayman Hamza, spokesman for Egypt's Ministry of Electricity and Renewable Energy, said, "We have set a target in our energy strategy, which is to reach a renewable energy capacity level of 10,000 MW by 2023. with Egypt's long sunny days and good wind speeds, we are sure we can achieve this target."
Attracted by Egypt's policy, a subsidiary of Australian mining company Fortescue metals Group recently announced it will build a green hydrogen plant in Egypt that may generate 9.2GW of solar and wind power.
Green energy company Fortescue Future Industries (FFI) signed a memorandum of understanding to conduct green hydrogen research in Egypt, FFI said, adding that the proposed project includes key power generation equipment needed to produce solar energy at a local plant, such as a module production plant.
This year's COP27 climate change conference will be held in Egypt. Prior to that, Egyptian President Abdel Fattah El-Sisi met with FFI Executive Chairman Andrew Forrest last week.
Post time: Sep-15-2022