< Arab Finance - News - Egypt ranks 20th on Renewable Energy Country Attractiveness Index 2021
Count Down to relaunch



Egypt ranks 20th on Renewable Energy Country Attractiveness Index 2021

Egypt ranks 20th on Renewable Energy Country Attractiveness Index 2021

ArabFinance: Egypt has advanced from 26th place, in 2020, to the 20th among the world’s top 40 markets in the Renewable Energy Country Attractiveness Index (RECAI) for 2021, according to a recent report.

 The index issued by the London-based Ernst & Young Global Limited (EY).

The US and China maintained their top rankings, as East Asia emerges as a high potential investment destination for renewable energy businesses.

Under Egypt’s 2030 Vision, the country plans to increase the supply of electricity generated from renewable sources to 20% by 2022 and up to 42% by 2035, with wind providing 14%, hydropower 2%, photovoltaic (PV) 22%, and concentrated solar power (CSP) 3% by 2035.

The private sector is set to play a major role in delivering most of this capacity.

 

 

 

#Related keywords

'

Recommended Stocks

11 Oct 2020
Tenth Of Ramadan Pharmaceutica... RMDA
Close
02.11
Change
-00.89
Buy

All rights reserved to Arab Finance 2020 ©

Back to top