On December 9, 2024, the Egyptian New and Renewable Energy Authority released a report on its official website detailing the private sector’s involvement in implementing solar and wind energy projects, with a combined capacity of 18,550 megawatts by 2030. The report highlights the planned construction of new wind power plants, set to be operational by 2030 with a capacity of 12,750 megawatts, all spearheaded by the private sector. Additionally, the authority aims to establish solar plants with a capacity of 5,800 megawatts, while also planning to install solar cells with a capacity of 20 megawatts.
According to the report, the first fiscal year of 2024/2025 saw an increase of 3 percent in hydroelectric power production, reaching 4,563 gigawatts. Wind energy projects also recorded a significant increase, with 1,605 gigawatt hours produced. Furthermore, the energy generated from solar cells connected to the grid amounted to 1,337.18 gigawatt hours, marking a 6 percent increase from the previous year. The solar thermal cream station also showed promising productivity, producing 208 gigawatt hours.
In order to determine the feasibility of wind farms and solar power plants, the report analyzed wind speeds in designated areas and the average performance factor of solar cells. The results showed an average wind speed of 7 meters per second and an average performance rate of 80 percent for solar cells.
It is evident that Egypt is making significant strides in the renewable energy sector, with the private sector playing a crucial role in achieving the country’s goals. With the latest data and up-to-date information, the report provides a comprehensive and balanced overview of the current state and future plans for renewable energy in Egypt. The country’s commitment to sustainable energy sources is commendable and will undoubtedly have a positive impact on the environment and economy.