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Egypt, NREA, IRENA to co-organise renewable energy conference

Release of IRENA’s ‘Egypt Renewable Energy Outlook’ will be key focus of three-day conference in Cairo, organisers say

| | Oct 3, 2018 | 10:44 am
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Abu Dhabi, UAE, 3 October 2018: Egypt’s Ministry of Electricity and Renewable Energy and the New and Renewable Energy Authority (NREA), together with the International Renewable Energy Agency (IRENA), will co-organise the country’s first high-level renewable energy conference, to be held from October 9 to 11, in Cairo, Egypt, the organisers said in a Press communiqué. The three-day Egypt Renewable Energy Conference will seek to advance renewables development in the country and will feature the release of IRENA’s Egypt Renewable Energy Outlook report, an assessment of Egypt’s renewable energy potential, the communiqué said.

Egypt aims to source 20% of its electricity from renewable sources by 2022, rising to 42% by 2035, as it works to meet rising demand for power, the communiqué said. Total installed capacity currently stands at around 3.9 gigawatts, much of which is from hydropower, the communiqué further said.

“Our Integrated Sustainable Energy Strategy 2035 supports the development of a diversified, competitive and balanced economy within the framework of sustainable development,” said H.E. Dr Mohamed Shaker, Minister of Electricity and Renewable Energy. “With renewable energy at the heart of this strategy, IRENA’s role in identifying our potential and advising on the practical steps required to succeed, is key. The Renewable Energy Conference greatly supports this process and we look forward to bringing the investment and policy community together in Cairo, to support our national efforts to establish Egypt as a regional hub for clean energy,” he concluded.

The conference will convene investors and national policy makers from Egypt and across the Middle East and North Africa region to advance energy transformation across Egypt, as it pursues short and medium-term targets, the communiqué said. IRENA Director-General  Adnan Z Amin will present the report’s key findings, the communiqué further said.

Commenting on Egypt’s potential, Amin, said: “In a country such as Egypt, which possesses tremendous resource potential, sustainable energy can be the backbone of its long-term energy planning. By strengthening the enabling environment for renewable energy investment and development, Egypt can increase the speed of its energy transformation, bringing wider economic benefits to the country, such as job creation, health improvements and energy security.”

Following a presentation of the report and its recommendations, the conference will focus on a number of important topics, relevant to renewable energy development in Egypt, the communiqué said. The sessions will be followed by a training workshop conducted by IRENA on renewable energy project development, which supports the Pan-Arab Clean Energy (PACE) initiative – a regional initiative aiming to promote the integration of greater shares of renewables into power systems in the Arab region, the communiqué further said. The workshop will inform project developers on the tools available to them that can assist in the development of successful renewable energy projects in the region, the communiqué added.

According to the organisers, key topics, to be discussed at the event, will include:

  • Renewable energy deployment policies – featuring ministers and CEO-level participants from across the MENA region and the world.
  • Renewable energy investments – identifying the investment frameworks necessary to accelerate the progression of renewables deployment in Egypt.
  • Job creation and manufacturing capacity – exploring ways to ensure domestic businesses are positioned to capitalise on the development of a clear, long-term government programme.

 


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