What is a large-scale energy storage project?

The project aims at providing the scientific, technological and policy basis required for the development and implementation of large-scale energy storage in Egypt, enabling increased penetration of renewable energy sources in the Egyptian energy system.

Can Egypt achieve 42% of its energy generation capacity by 2035?

At present, Egypt has set an ambitious objective of achieving 42% of its energy generation capacity from renewable sources by 2035 (known as the 2035 energy target) (IRENA, 2018b). To better exploit the RE potential in Egypt, a few review studies have covered different aspects of RE technologies.

How can Egypt store electricity?

Egypt has been looking at a number of ways to store electricity as part of its ambitions to grow renewable energy capacity to cover 42% of the country’s electricity needs by 2030. These include upgrading its power grid and incorporating pumped-storage hydroelectricity stations to help store electricity for future use.

Can Egypt harness energy from sustainable sources?

This review summarises the current energy outlook of Egypt while analysing the country's potential to harness energy from sustainable sources. In general, it has been found that Egypt's renewable energy sector is yet to be exploited for sustainable energy production through its diverse and plentiful resources.

How much FDI is needed in Egypt's energy sector?

FDI is concentrated in the oil and gas industry (around three-quarters of total investments), followed by real estate, manufacturing, financial services and construction. The International Finance Corporation (IFC) believes that EGP 2 Trillion are required to brought into Egypt’s energy sector in climate-smart investments by 2030.

Does Egypt still rely on conventional energy sources?

According to the rate of increase in the consumption of conventional energy sources in Egypt alongside the CO 2 emissions over the period from 1971 to 2016 (for 47 years as shown in Fig. 1) (The world bank, 2022), it is evident that Egypt is still relying primarily on the conventional energy resources. Fig. 1.