The Egyptian strategy was aimed at reaching 42% of renewable energy by 2030, but this strategy is currently being updated, based on existing data and the availability of wind and solar energy sources and their low prices,
according to youm7.com
Shaker added, that renewable energy projects, whether solar and wind to generate electricity in Egypt were not affected by the global dollar crisis, stressing that investors in this area put the investment cost of projects in dollars and not in local currency. No matter how high the cost of importing components of renewable energy plants from the sun or wind will be the least expensive in the coming years compared to traditional power plants that depend on fuel, Shaker noted.
Shaker added that announcing the prices for the price of a kilowatt hour of sun and wind is considered the lowest in the world is one of the most important measures to stimulate investment in this field, explaining that the price of a kilowatt hour of sun is 2 cents dollars and 2.4 cents dollars for wind.
