Status of Renewable Energy Projects in Egypt

摘要

AuthorEgypt’s economic development hinges on the energy sector. To meet burgeoning energy demand, the government’s Integrated Sustainable Energy Strategy, ISES 2035, involves stepping up the use of renewables and improving energy efficiency in the power sector. The government has set targets for renewables to make up 42% of the country’s electricity mix by 2035, based on rapid solar and wind deployment. Energy subsidies has been a fiscal burden on the country’s budget constituting 7% of GDP equivalent to the expenditure of EGP 120 billion in 2013/2014. In July 2014, the Prime Minister issued the decree 1257 for year 2014 that introduced a five-year plan to phase out the electricity subsidies by fiscal year 2018/2019. This has positively encouraged the roll-out of renewable energy and energy efficiency programs.