Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country’s energy strategy, Electricity Minister Mahmoud Essmat said.
This came during a Monday meeting with Egyptian Prime Minister Mostafa Madbouly to review the progress of renewable energy projects and efforts to strengthen the national grid to accommodate the new capacity, his office said.
Essmat presented a statement on the renewable energy capacity (solar, wind, and battery storage) that will be added to the unified grid from 2026 to 2030, and the expected fuel savings as a result. He also discussed the status of land allocated to the New and Renewable Energy Authority for the construction of power generation stations.