Arab Finance: President Abdel Fattah El-Sisi has reviewed the latest developments in implementing the government’s strategy to expand renewable and new energy projects, according to a statement.
The strategy targets raising the share of renewable energy in Egypt’s total electricity generation to 45% by 2028, in line with the state’s objectives to expand the use of clean energy sources.
Minister of Electricity and Renewable Energy Mahmoud Esmat highlighted that total investments in the electricity, new energy, and renewable energy sectors have reached about EGP 5 trillion since 2014.
The meeting also reviewed the role of international partners in providing technical and financial support for renewable energy projects, contributing to strengthening Egypt’s position as a regional energy hub.
Additionally, El-Sisi stressed the importance of supporting all types and models of partnerships, particularly those involving locally manufactured equipment, with a focus on energy-storage batteries.
He also directed the government to advance local manufacturing in the black sands industry, related value-added industries, fertilizers, and rare-earth elements.
During a previous meeting with the president in June, Esmat outlined the progress of connecting renewable energy projects to the electricity grid by 2027, including solar and wind power.
