{"id":583795,"date":"2023-03-20T00:00:00","date_gmt":"2023-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/egypt-could-be-the-continents-top-wind-generator-by-the-end-of-the-century-are-the-tides-officially-turning-against-wfh\/"},"modified":"2023-03-20T00:00:00","modified_gmt":"2023-03-20T00:00:00","slug":"egypt-could-be-the-continents-top-wind-generator-by-the-end-of-the-century-are-the-tides-officially-turning-against-wfh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/egypt-could-be-the-continents-top-wind-generator-by-the-end-of-the-century-are-the-tides-officially-turning-against-wfh\/","title":{"rendered":"Egypt could be the continent\u2019s top wind generator by the end of the century + Are the tides officially turning against WFH?"},"content":{"rendered":"

<\/span>Egypt could soon become Africa\u2019s biggest win<\/span>d generator<\/span>, dethroning South Africa from<\/span> the top spot as the continent\u2019s largest wind generator by 2030, energy columnist Gavin Maguire writes for <\/span>Reuters<\/a><\/span>, citing data from Global Energy Monitor<\/span>. Maguire expects South Africa to slip to become the 28th biggest wind energy producer in the world, from 25 currently, giving way to Egypt to rise to the 25th spot.<\/span><\/p>\n

REMEMBER- <\/span>Egypt\u2019s wind power generation <\/span>jumped 13% y-o-y<\/a><\/span> in 2022 to 6.1 GWh, and<\/span> there\u2019s more to come with private companies currently constructing or developing some 2.8 GW of fresh wind capacity, while the government is set to add 252 MW of wind capacity in the Gulf of Suez.<\/span><\/p>\n

<\/p>\n

\n

<\/span>It\u2019s time: Major US corporates are signaling to their employees that the WFH era is<\/span> coming to a close.<\/span> Large US-based companies \u2014 including Meta, Amazon, Starbucks Corporation, and Walt Disney \u2014 are now requiring their employees to work from their office spaces, <\/span>Bloomberg<\/a><\/span> reports. Many companies have stopped short of demanding employees to report to the office five days a week, with Amazon, General Motors, and Starbucks enforcing a hybrid model with three days per week from the office and Disney requiring employees to work from the office four days per week.<\/span><\/p>\n

Was WFH going to spell the end of creativity? <\/span>Many of the companies above had installed a remote or hybrid work<\/span> policy, but their backtracking on a remote work environment could be the result of a threat to creativity, Bloomberg suggests. News Corp CEO Robert Thomson claimed that employees are losing \u201csubtleties of body language and the nuances of knowing glances,\u201d while Disney CEO Bob Iger added that the creativity and collaboration needed for their industry was under threat. <\/span><\/p>\n

There are undeniable cultural upsides to working from the office:<\/span> An <\/span>EY study<\/a><\/span>conducted<\/span> this year found that working from the office for some time is essential to foster company success, in fact, it has led several companies to invest in real estate (a whopping 58%) in an effort to not necessarily expand, but rather to \u201ccurate\u201d a space suitable for the post-pandemic labor trends.<\/span><\/p>\n

<\/p>\n

\n

Was the collapse of SVB a sign that VCs need to talk about how to manage their money?<\/span>Years of loose monetary policy enabled relatively immature venture capital firms to amass unusually large sums of cash, far in excess of what they needed, says the <\/span>Financial Times<\/a><\/span>, quoting an unnamed former chief risk officer at a prominent US bank. Yet after spending the past week scrambling to ensure their banked funds, VCs are coming to face how little time they had spent thinking about how to manage them. The faster the cash flowed in, the less attention the companies paid to it, added David Koenig, head of DCRO Risk Governance Institute. VCs also hadn\u2019t considered that regulators would only insure the first USD 250k of cashed money in the event of trouble. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s wind power generation jumped 13% y-o-y in 2022 to 6.1 GWh<\/p>\n","protected":false},"author":1,"featured_media":583796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,1120,151,6753,1124],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-office-life","tag-renewables","tag-svb","tag-work-from-home","wpautop","entry"],"acf":{"mongo_id":"c5694358-f95c-4b9f-b666-d8531af81fe4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/Egypt-wind-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[583790],"teaser":"Egypt\u2019s wind power generation jumped 13% y-o-y in 2022 to 6.1 GWh","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.a2f227d7-0848-4d7b-8d14-a8c0cc7edd40.mp3"},"yoast_head":"\nEgypt could be the continent\u2019s top wind generator by the end of the century + Are the tides officially turning against WFH? 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Emerging markets as a whole are still miles behind the developed world where green energy is concerned, but Africa in particular suffers\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1866.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590362,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/acwa-power-receives-land-in-sohag-for-10-gw-mega-wind-farm\/","url_meta":{"origin":583795,"position":1},"title":"ACWA Power receives land in Sohag for 10-GW mega wind farm","author":"enterpriseam admin","date":"18 July 2023","format":false,"excerpt":"Sohag could be home to 25 GW of wind generation capacity if all three planned wind farms get built; Egypt looks to source 42% of power from renewables by 2030","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577305,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/infinity-hassan-allam-utilities-masdar-ink-2-gw-green-hydrogen-agreement-ebrd-invests-more-in-infinity\/","url_meta":{"origin":583795,"position":2},"title":"Infinity, Hassan Allam Utilities, Masdar ink 2 GW green hydrogen agreement + EBRD invests more in Infinity","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Our friends at Infinity and Hassan Allam Utilities alongside UAE clean-energy giant Masdar have inked a framework agreement for a 2 GW green hydrogen plant they will build in the Suez Canal Economic Zone. The SCZone plant will be operational by 2026, they said in a statement (pdf). The investment\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586435,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/gulf-energy-companies-could-acquire-our-two-biggest-wind-farms-report\/","url_meta":{"origin":583795,"position":3},"title":"Gulf energy companies could acquire our two biggest wind farms -report","author":"enterpriseam admin","date":"11 May 2023","format":false,"excerpt":"The two wind farms could be sold by the end of the year","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555870,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/lekelas-west-bakr-wind-farm-is-live\/","url_meta":{"origin":583795,"position":4},"title":"Lekela\u2019s West Bakr wind farm is live","author":"enterpriseam admin","date":"30 November 2021","format":false,"excerpt":"Actis-backed Lekela\u2019s West Bakr wind farm became fully operational yesterday: Renewable power generation company Lekela Power announced yesterday (pdf) that its 250 MW wind farm in West Bakr is live after less than two years of construction. Built under a build-own-operate (BOO) framework, the USD 350 mn project will increase\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/653.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589631,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/scatec-signs-land-pact-for-5-gw-wind-farm\/","url_meta":{"origin":583795,"position":5},"title":"Scatec signs land pact for 5-GW wind farm","author":"enterpriseam admin","date":"6 July 2023","format":false,"excerpt":"The USD 5 bn plant will be key to helping Egypt achieve its ambitious renewable energy targets","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/150.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=583795"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583795\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/583790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/583796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=583795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=583795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=583795"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=583795"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=583795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}