SolarPower Europe’s Emerging Markets meet with the Egyptian New and Renewable Energy Authority
On Monday 18th July, SolarPower Europe’s Emerging Markets met with the Egyptian New and Renewable Energy Authority to present their .report on solar investment opportunities in the Middle East, and discuss the latest developments for solar in Egypt since the report’s launch last November.
With COP27 taking place in Egypt later this year, this meeting provided a timely opportunity to discuss the country’s renewable energy ambitions.
Egypt’s Integrated Sustainable Energy Strategy (ISES) outlines new targets for the country including 55% renewables in the energy mix by 2035 and 61% by 2040. Among these renewable energy targets, Egypt will tap into its massive solar potential with the goal of reaching 45% solar PV capacity by 2040