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 batteries solve Egypt's Electricity oversupply problem?

Egypt is exploring the potential of energy storage through batteries to combat our electricity oversupply problem: As Egypt continues to suffer from a major oversupply of electricity, the country is in need of new ways to tackle the issue.

Is Egypt a good place to invest in solar energy?

Egypt has plenty of land and high solar yields, “making renewables highly competitive against other sources of energy,” the Scatec spokesperson said. But the main limiting factor is the high cost of financing as a result of rising global interest rates, they added.

Is Egypt a good PV market?

Osmundsen said that Egypt is fundamentally an attractive PV market but the country’s current economic crisis, including a severe currency depreciation, is making foreign investment difficult.

Will Egypt's PV market open up soon?

Voltalia expects the Egyptian PV market to open up very soon, however, because there was power rationing for two hours per day during the winter, due to a lack of natural gas feedstock for thermal power plants and a lack of foreign currency to buy gas, the Scatec representative said.

Does Egypt need natural gas?

The country has in recent years relied heavily on natural gas, which it defended during the United Nation's COP27 conference in 2022 as a "transitional fuel" at a time when it was a net exporter of gas. But last year, Egypt faced prolonged power outages as natural gas production was hit by financial constraints and declining local extraction.