Clean Energy Could Dominate Egypt's Power at $6.5 Billion a Year
- Investment in renewables currently $2.5 billion a year: IRENA
- Government targeting 20% of power from clean energy by 2022
This article is for subscribers only.
Egypt would need to more than double investment in clean energy to push the amount of electricity generated by renewables to over 50 percent, according to the International Renewable Energy Agency.
Investments would need to be $6.5 billion a year, up from $2.5 billion currently, to boost generation from clean energy to 53 percent by 2030, Abu Dhabi-based IRENA said in a report Tuesday. That’s up from 9 percent in 2014, according to the report.