Are solar and storage systems a good choice in Egypt?

Changes in Solar and Storage Demand in Egypt With the continued reduction in the costs of photovoltaic (PV) and energy storage systems, these technologies have become an ideal choice for reducing electricity costs and ensuring power supply.

What is Egypt's energy strategy?

Renewable Energy Strategy: In October 2016, Egypt’s Supreme Energy Council approved the “Egypt 2035 Energy Strategy,” which aims for 42% of the country’s electricity to come from renewable energy by 2035, with solar power playing a key role (accounting for 22%).

How much electricity will Egypt generate in 2025?

In Egypt, electricity generation in the Energy market is projected to reach 164.90bn kWh in 2025. An annual growth rate of 2.44% is anticipated during the period from 2025 to 2029. Additionally, the overall emission intensity in Egypt is expected to be 0.72k gCO2/kWh in 2025.

How will Egypt's new electricity regulations affect electricity prices?

This adjustment is part of the gradual removal of electricity subsidies and is aimed at fulfilling a loan agreement with the International Monetary Fund (IMF), expanding Egypt’s loan program to $8 billion. Under the new regulations, the increase in electricity prices will range from 14.45% to 50%, depending on household electricity consumption.

Are electricity prices rising in Egypt?

According to local media reports, the Egyptian government recently announced a significant increase in household electricity prices, with the highest rise reaching 50%.

Is AMEA power partnering with Egyptian electricity transmission company?

Recently, AMEA Power signed a PPA agreement with the Egyptian Electricity Transmission Company for two projects, including the development of Africa’s largest solar PV project and the first utility-scale battery energy storage system (BESS) in Egypt.