Are renewables the least-cost option for energy supply in Egypt?

These factors can include eforts to improve energy security, promote domestic industry, and to reduce adverse health efects and environmental damage. However, the REmap Options do show that renewables are in many cases the least-cost option for energy supply in Egypt.

Will Egypt become an energy hub?

Moreover, the strategy confirms Egypt’s ambition to become an energy hub between Europe, Asia and Africa by expanding grid interconnections across the Arab region and beyond. Egypt is home to a wide array of untapped solar and wind resources, and according to the ISES 2035, renewable energy capacity should contribute 42% of power capacity by 2035.

What is Egypt's target share for renewables by 2040?

Shortly afterwards, however, Egypt's petroleum ministry said the target share for renewables was 40% by 2040, with the country maintaining a major reliance on natural gas.

Does Egypt have a wind energy supply?

Egypt is endowed with a plethora of inexhaustible wind energy supply, specifically in the region of the Sinai Peninsula and areas surrounding the Gulf of Suez.

Does Egypt have a fossil fuel resource endowment?

Egypt’s fossil fuel energy resource endowments (including oil, natural gas and negligible amounts of low-quality coal) are limited.

Should Egypt develop a vehicle-to-grid scheme?

If Egypt were to develop a vehicle-to-grid scheme allowing EVs to participate in grid ancillary services such as frequency regulation, load shifting, demand response or energy management support in the home, those services could help enable increasing shares of VRE. Planning for a future with higher shares of VRE needs to start today.