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Environment & Energy Report

Clean Energy Could Dominate Egypt’s Power at $6.5 Billion a Year

Oct. 9, 2018, 4:00 PM

Egypt would need to more than double investment in clean energy to push the amount of electricity generated by renewables to over 50 percent, according to the International Renewable Energy Agency.

Investments would need to be $6.5 billion a year, up from $2.5 billion currently, to boost generation from clean energy to 53 percent by 2030, Abu Dhabi-based IRENA said in a report Oct. 9. That’s up from 9 percent in 2014, according to the report.

Oil-importing nations in the Middle East are pushing renewables, mostly to pare bills for imported fossil fuels. Egypt, the most populous...

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