In order to reduce dependence on fossil fuels, it is planned to generate 20% of electricity from renewable sources by 2022 and up to 37% by 2035 in Egypt. Such a plan may be called high flying, given that currently only 3% of electricity is generated from RES. The Egyptian government plans to construct solar and wind power stations throughout the country. For these purposes, large-scale investments are being attracted in renewable energy projects. A number of projects have already been planned in the Western (Libyan) desert, on the northern coast and near the Suez Canal, where tens of thousands of wind turbines and solar modules dotted the country's territory.
A spokesman for the Ministry of Energy of Egypt Ayman Hamza noted, “The use of renewable energy sources is part of a national plan to diversify electricity generation sources to meet increasing demand and secure the continuity of power supply.” The official also noted, “Egypt has a great untapped potential, thanks to which the country may become an international center of renewable energy sources.”
Egypt’s climate has great potential, both for solar and wind power: the sunshine duration in the north of the country varies from 3,300 to 4,000 hours per year, and in the coastal zones of Egypt (in particular along the coast of the Red Sea) the average wind speed ranges from 7 to 12 meters per second.
A local renewable energy expert Wael el-Nashar is confident in high perspective of solar energy for the country, “Egypt is part of the “sunbelt”, which includes the rest of North Africa and the Arabian Peninsula, this geographical location means that Egypt can become a major producer of solar energy.” The expert also calls (both Egypt and the world community) to transit to renewable sources more actively, arguing his position by the fact that fossil fuels will begin to run short as early as the nearest decades.
The Egyptian government plans to render all kinds of support for renewable energy projects: from long-term lending at low rates to guarantees that government agencies purchase all the proposed electricity generated from RES. Egypt’s Ministry of Energy stated that it will guarantee the payback and receipt of profit from approved projects to generators of power from RES. For these purposes, tools are considered that allow providing feed-in tariffs for the supply of electricity from RES to the national grid, and at the same time limiting the electricity generated from traditional fuel types. Innovations in Egypt's energy sector have also affected ordinary public. An increasing number of Egyptians are installing solar modules on the roofs of their houses generating enough electricity for everyday life and selling surpluses to the national grid.