{"id":599057,"date":"2019-06-17T04:00:33","date_gmt":"2019-06-17T04:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/egypt-has-africas-second-highest-renewable-energy-capacity-but-were-still-not-reaching-our-potential\/"},"modified":"2019-06-17T04:00:33","modified_gmt":"2019-06-17T04:00:33","slug":"egypt-has-africas-second-highest-renewable-energy-capacity-but-were-still-not-reaching-our-potential","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/egypt-has-africas-second-highest-renewable-energy-capacity-but-were-still-not-reaching-our-potential\/","title":{"rendered":"Egypt has Africa\u2019s second highest renewable energy capacity, but we\u2019re still not reaching our potential"},"content":{"rendered":"

<\/a> Egypt has Africa\u2019s second-highest renewable energy capacity, but we\u2019re still not reaching our potential: <\/b>Egypt ranks second in Africa in terms of renewable energy capacity, with statistics from the International Renewable Energy Association (IRENA) showing that power plants and other installations that use renewables can generate up to 4,813 MW of electricity per year, CNBC reports<\/a>. But IRENA\u2019sOctober 2018 Renewable Energy Outlook (pdf)<\/a> stated that we could \u201crealistically and cost-effectively\u201d supply 53% of our electricity mix using renewables by 2030 \u2014 a far more ambitious target than the government\u2019s aim forrenewables to make up 42% of our electricity mix<\/a> by 2035.<\/p>\n

Egypt\u2019s frameworks are stronger and projects are flourishing:<\/b> Currently, Egypt\u2019s total installed capacity of renewables includes 2.8 GW of hydropower and around 0.9 GW of solar and wind power. The USD 2.8 bn Benban complex is expected to generate as much as 1.8 GW of electricity, and its biggest contributor, Scatec Solar, has already started commercial operations on the third part of its 400 MW project<\/a>, which is expected to be completed by the end of the year. In late 2018, Egypt\u2019s renewable energy framework was named one of the three fastest-improving globally by the World Bank<\/a>. And small businesses are leading the way in private sector job creation, with companies such as KarmSolar<\/a> and the Solar Energy Development Association<\/a> (SEDA) being responsible<\/a> for 80% of private-sector jobs.<\/p>\n

How can we reach, or even exceed, our renewable energy goals?<\/b> IRENA\u2019s recommendations include updating energy and power strategies, clarifying institutional roles and responsibilities for wind and solar development, bundling larger and smaller projects to help mitigate financial risk, and enhancing local manufacturing capabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has Africa\u2019s second-highest renewable energy capacity, but we\u2019re still not reaching our potential: Egypt ranks second in Africa in terms of renewable energy capacity, with statistics from the International Renewable Energy Association (IRENA) showing that power plants and other installations that use renewables can generate up to 4,813 MW of electricity per year, CNBC […]<\/p>\n","protected":false},"author":1,"featured_media":599058,"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":[9003],"tags":[7098,72,151,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-africa","tag-enterpriseam","tag-renewables","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"b748ba33-c9c9-4dad-80c4-648c68daa711","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/81.jpg","photo_position":"above","related_issue":[599032],"teaser":"","voice_url":""},"yoast_head":"\nEgypt has Africa\u2019s second highest renewable energy capacity, but we\u2019re still not reaching our potential - 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The Electricity Ministry is negotiating renewable energy projects with a capacity of 1.4 GW, on top of an agreement to implement 1 GW of plants signed last Saturday, Minister Mohamed Shaker said in a statement to the local press\u2026","rel":"","context":"In "RENEWABLES"","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564734,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/shift-to-green-energy-could-restructure-more-than-our-consumption-habits\/","url_meta":{"origin":599057,"position":1},"title":"shift to green energy could restructure more than our consumption habits","author":"enterpriseam admin","date":"23 February 2021","format":false,"excerpt":"How will increased reliance on renewable energy change geopolitical power dynamics? The energy sector is set to be completely transformed over the coming decades with the march towards renewables, and with it, the geopolitical dynamics that conferred power to nations with oil or gas deposits. This global shift is expected\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563085,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/catch-some-rays\/","url_meta":{"origin":599057,"position":2},"title":"Catch some rays","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"The US really wants us to go solar: The US will step up funding to Egypt to accelerate our shift away from fossil fuels towards renewable energy, US climate envoy John Kerry told reporters following his meeting with Foreign Minister Sameh Shoukry in Cairo yesterday, the Associated Press reports. Egypt\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\/6\/232.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":599057,"position":3},"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":[]},{"id":593955,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/uaes-al-nowais-offers-to-set-up-usd-700-mn-renewable-energy-plants-in-egypt\/","url_meta":{"origin":599057,"position":4},"title":"UAE\u2019s Al Nowais offers to set up USD 700 mn renewable energy plants in Egypt","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"Al Nowais Investments is bidding to build USD 700 mn-worth of renewable energy plants in Egypt, sources from the Electricity Ministry said, according to Al Mal. A 500 MW wind power plant and a 50 MW solar plant could be built in undisclosed locations under a build-own-operate framework. The bid\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567300,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/19\/egypt-morocco-jordan-remain-regional-leaders-in-the-development-of-solar-power\/","url_meta":{"origin":599057,"position":5},"title":"Egypt, Morocco, Jordan remain regional leaders in the development of solar power","author":"enterpriseam admin","date":"19 January 2020","format":false,"excerpt":"Egypt, Morocco, and Jordan remain regional leaders in the development of solar power, the Middle East Solar Industry Association (MESIA) says in its 2020 Middle East Solar Outlook (pdf). Despite Egypt being a top solar developer and having excess generation capacity today, the report says Egypt still needs \u201csubstantial additional\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/636.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\/599057","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=599057"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599057\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599058"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599057"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599057"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}