Egypt can increase investments in Benban plant to USD 6 bn by 2022, says IRENA director general

Egypt could attract more than 2x its present investment in solar though 2022 –IRENA boss: Egypt has landed about USD 2 bn in investment in solar energy projects, largely in the world-scale Benban solar park, but could see that figure grow to as high as USD 6 bn by 2022 with a stable policy frameworks and straightforward regulations, said Adnan Z. Amin, the director general of the Abu Dhabi-based International Renewable Energy Agency (IRENA). “Egypt is a very promising market for investments thanks to the political leadership which has adopted an ambitious plan for electricity production from renewable sources, and reduced the reliance on traditional fuel in production plan — a trend that many countries have adopted in order to achieve sustainability,” Amin said.