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
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…