Egypt will prioritise its renewable energy sector

Significance It has experienced a surge in investment in renewable energy, with projects worth USD4.4bn under development and prospective investments of a further USD6bn. Renewable energy is set to become a significant source of electricity, which also positions Egypt as a potential major electricity exporter. Impacts Investments will boost foreign reserves at a time when the government faces currency shortages. The economy would also benefit in the medium term from lower energy costs. Egypt will remain on course to reduce greenhouse emissions. The government's energy subsidy costs could decrease due to reduced oil and gas use.