Egypt's Renewable Energy Ambitions: Challenges and Calls for Support

Egypt aims for renewable energy to constitute 42% of its electricity by 2030, but the goal is jeopardized without more international support. Currently reliant on natural gas, the nation faces challenges in boosting renewables due to financial constraints, prompting appeals for foreign investment and international backing.

At the COP29 conference, Egypt's Prime Minister Mostafa Madbouly called for international support to achieve the nation's 2030 renewable energy target of 42% within its electricity generation mix. Currently, renewables like solar, wind, and hydropower account for only 11.5% of the mix.

Historically, Egypt has leaned heavily on natural gas, which it defended as a 'transitional fuel' during the COP27 conference. However, declining local gas production led to last year's power outages, motivating the government to seek foreign investment in renewable projects.

Despite aiming for an increased reliance on renewables, conflicting targets and ongoing gas dependence highlight the complexity of Egypt's energy transition. In his address, Madbouly emphasized the need for international support to overcome financial constraints and achieve climate ambitions.

(With inputs from agencies.)