8 Renewable Energy Development in Egypt and Transitioning …
285
energy projects. There is still a high potential for hydrocarbons to
satisfy the domestic energy needs in the country. Moreover, the political,
economic and regulatory situation in Egypt is convenient for encouraging hydrocarbon players to continue pumping more investments in
the Hydrocarbon chain, whether in upstream or downstream sectors.
This was promoted by the enormous discoveries achieved in the Mediterranean Sea, which were indeed the spark that unlocked investment
opportunities for the exploitation of natural gas resources in the Egyptian
Economic Water in the Mediterranean Sea.
Nevertheless, the deployment of renewables is no longer an option, it
is crucial to tackle the tremendous local demand for energy and reduce
carbon footprint to comply with the environmental standards. Egypt
enjoys exceptional conditions for the production of renewable energies,
especially wind and solar and the country has adopted numerous legislative and economic reforms to encourage investment in renewable energy
projects, by among others introducing considerable incentives and guarantees for renewable energy-related fields of investment. All these are
positive signals, to transition to a low-carbon economy in Egypt.
References
BP Statistical Review of World Energy 2019, available at https://www.bp.com/
content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/
statistical-review/bp-stats-review-2019-full-report.pdf, accessed 19/3/2020.
Donia El Mazghony, Getting the Deal Through, Renewable Energy, Egypt,
2019, P. 29.
EGAS Annual Report for the Fiscal Year 2018/2019, available at https://www.
egas.com.eg/annual-reports/2019, accessed 19/3/2020.
Marwa Mostafa, Challenges to Energy Transition in Egypt: A study of Wind
and Solar Sectors. A thesis presented to the Faculty of Economic and
Social Sciences, Postdam Center For Policy and Management, University
of Postdam, Germany, 2014.
Prime minister Decree no. 41 of 2019.
Renewable Energy Outlook Egypt, IRENA and NREA, 2018.
The Egyptian Constitution issued in 2014.
285
energy projects. There is still a high potential for hydrocarbons to
satisfy the domestic energy needs in the country. Moreover, the political,
economic and regulatory situation in Egypt is convenient for encouraging hydrocarbon players to continue pumping more investments in
the Hydrocarbon chain, whether in upstream or downstream sectors.
This was promoted by the enormous discoveries achieved in the Mediterranean Sea, which were indeed the spark that unlocked investment
opportunities for the exploitation of natural gas resources in the Egyptian
Economic Water in the Mediterranean Sea.
Nevertheless, the deployment of renewables is no longer an option, it
is crucial to tackle the tremendous local demand for energy and reduce
carbon footprint to comply with the environmental standards. Egypt
enjoys exceptional conditions for the production of renewable energies,
especially wind and solar and the country has adopted numerous legislative and economic reforms to encourage investment in renewable energy
projects, by among others introducing considerable incentives and guarantees for renewable energy-related fields of investment. All these are
positive signals, to transition to a low-carbon economy in Egypt.
References
BP Statistical Review of World Energy 2019, available at https://www.bp.com/
content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/
statistical-review/bp-stats-review-2019-full-report.pdf, accessed 19/3/2020.
Donia El Mazghony, Getting the Deal Through, Renewable Energy, Egypt,
2019, P. 29.
EGAS Annual Report for the Fiscal Year 2018/2019, available at https://www.
egas.com.eg/annual-reports/2019, accessed 19/3/2020.
Marwa Mostafa, Challenges to Energy Transition in Egypt: A study of Wind
and Solar Sectors. A thesis presented to the Faculty of Economic and
Social Sciences, Postdam Center For Policy and Management, University
of Postdam, Germany, 2014.
Prime minister Decree no. 41 of 2019.
Renewable Energy Outlook Egypt, IRENA and NREA, 2018.
The Egyptian Constitution issued in 2014.