For private investors, the renewable energies sector represents a $13 billion worth investment opportunity. This was revealed by a report of Regional centre for renewable energies and energy efficiency.

The country indeed plans to raise its energy capacity from 31 GW (2013) to 60 GW in 2020. 20% of this capacity or 11 GW will be derived from renewable energies. “There is currently more than 4 GW of wind and solar power plants in Egypt. There is going to be a significant growth on the medium term but the process is still extremely slow due to the poor stability and clarity of the associated national regulation,” said Bakr Abdel-Wahab, Director General of EFG Hermès private equity institution.

In sight of the importance of the country’s resources, the World Future Energy Summit (WFES) in collaboration with the Egyptian Energy Forum, plans a special event which will specifically address renewable energies in Egypt.

Gwladys Johnson