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Egypt is set to become a global renewable energy hub following the signing of several projects in November to add nearly 55 gigawatts (GW) to its existing solar and wind power production, the country’s top renewable energy official has said.
The most populous Arab country signed 16 memoranda of understanding with regional and international companies for the production of green hydrogen besides other agreements for solar and wind projects during the COP27 conference held in the Sharm El-Sheikh resort last month, said Mohammed Al-Khayyat, Chairman of the New and Renewable Energy Authority (NREA).
Khayyat told the Egyptian daily Addustoor that such agreements would “pave the way for a strong future of the renewable energy sector in Egypt”.
He said Egypt’s location and the high wind velocity along with “high sunlight rates” make renewable energy projects highly feasible and would attract more investment.
“Egypt signed 16 memoranda of understanding with regional and international consortia and with local partners during the COP27 conference in addition to 9 other framework agreements,” he said.
“These projects will produce 12,000 MW during the trial period and 55,000 MW in their first stages…this will turn the country into a major renewable energy producer.”
(Writing by Nadim Kawach; Editing by Anoop Menon)
