Does Egypt need EEHC & Scatec?

The Egyptian Cabinet has already approved the cooperation agreement between EEHC and Scatec. This decision aligns with the government's commitment to increasing the country's renewable energy capacity. By embracing projects like the solar and battery storage initiative, Egypt aims to diversify its energy sources and reduce its carbon footprint.

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.

What is Egypt's target share for renewables by 2040?

Shortly afterwards, however, Egypt's petroleum ministry said the target share for renewables was 40% by 2040, with the country maintaining a major reliance on natural gas.

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 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.

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.