Egypt Shifts Focus from Natural Gas to Renewables

Researched by Industrial Info Resources (Sugar Land, Texas)--Egypt, which depends on natural gas for most of its electricity needs, is slowly making a shift toward renewables. Natural gas comprises more than 80% of the country's installed energy mix; however, with the emergence of low-cost renewables, the Egyptian Ministry of Electricity and Renewable Energy has set a goal of 42% of electricity to be generated from renewables by 2035.

It's not just solar and wind. Egypt also is looking to invest heavily into large green hydrogen projects that will be powered through these renewable sources. Industrial Info is tracking renewable power projects worth $12.5 billion in Egypt, of which more than 75% is from solar and wind. Subscribers to Industrial Info's Power Project Database can click here for a detailed list of projects.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.