Egypt among six countries where renewables are least expensive option

Egypt is one of six countries where renewables are becoming the least expensive option, according to a report by renewable energy policy network REN21, The Statesman reports. Renewable energy in Egypt, India, Denmark, Mexico, Peru and the UAE is being delivered at USD 0.05 per kWh or less. “The renewable cost is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries,” the piece reads. Renewable energy investment fell by 30% y-o-y to USD 116.6 bn in developing and emerging markets, compared with a 14% y-o-y decrease to USD 125 bn in developed countries.