Egypt turns to renewable energy as competitive power generation option

[bananas]

Source: Platts

Egypt is rolling out one of the Middle East and North African region's most ambitious renewable energy programs as it seeks to meet surging domestic energy demand while curbing reliance on fossil fuel imports, an official said Tuesday.

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Compared with gas imports, wind and solar power projects, for which costs have fallen significantly in recent years, are currently priced competitively with capital and operating costs both expected to fall further, Elsobki said.

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As announced by Egyptian President Abdel-Fattah el-Sisi Monday, Egypt would seek to install 4,300 MW of wind and solar power generation capacity in the 2015-17 period, Elsobki said.

That would consist of 300 MW of small solar projects, ranging in size from rooftop to 20 MW photovoltaic arrays; 2,000 MW of medium to large solar voltaic projects in the 20-50 MW size range; and 2,000 MW of medium to large wind projects, also ranging from 20-50 MW in size.

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Read more: http://www.platts.com/latest-news/natural-gas/abudhabi/egypt-turns-to-renewable-energy-as-competitive-26987756

[A Simple Game]

1. Gee, do they have any large surfaces facing south at the proper angle for solar panels? n/t

[Elmer S. E. Dump]

2. Or by any chance to they have horrific wind storms over there?

[bklyncowgirl]

4. I don't know but they have a great big desert--should work

[quadrature]

3. Egypt gets cut-rate petroleum products from KSA

although these efforts are a step in the right direction,
a better idea would be to charge the
going world price for gasoline and diesel.

[Trillo]

5. This is great news!

Renewable energy future! It takes more than a few countries here and there! One day the whole world will be on renewable energy, it will be illegal to drill for oil, and our descendants will breathe a little easier.