Egypt is not fulfilling its renewable energy potential due to public sector inefficiency, the European Bank for Reconstruction and Development’s (EBRD) head of energy for Europe, the Middle East, and Africa, Harry Boyd-Carpenter has said, according to Recharge News. Egypt has the ability to add 2 GW of wind and solar capacity each year, but this is currently unachievable due to an insufficient supply of civil servants dedicated to the sector, he said. The country could easily become a “renewable energy heaven” if it built capacity in its civil service to handle more than one project at a time, Boyd-Carpenter said.
More from Enterprise
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Beltone to launch Fadda, Egypt’s first-ever silver investment fund
Good afternoon, friends, and (almost) Eid Mubarak. With Ramadan on…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…