Where can solar power be developed in Egypt?

Utility-scale PV development has, thus far, clustered around Aswan in the south of the country, where solar resources are strongest and there is plenty of land for development. The biggest chunk of Egyptian solar capacity is provided by the Benban project, which lies 50 km from Aswan and is one of the world’s biggest PV sites.

Will Egypt's energy landscape undergo a transformation?

With the rapid growth of renewable energy, it is inevitable that Egypt’s energy landscape will undergo a transformation. Schneider Electric provides solar solutions ranging from residential solar power for homes to microgrids. Our goal is to work closely with our partners and the community in Egypt to offer accessible solar solutions.

How much does solar power cost in Egypt?

According to the International Renewable Energy Agency (IREA), solar power in Egypt can be produced for as little as $0.02/kWh, whereas fossil fuel-generated electricity can cost over $0.06/kWh. Hurricanes, floods, fires, and earthquakes are natural disasters that impact people globally. These disasters can cause power outages.

Is Egypt a good country to use solar technology?

Egypt has a wealth of advanced solar technology, groundbreaking ideas, and abundant tropical sunshine, making it an excellent country to utilize solar technology and achieve its global climate change objectives.

Does Egypt need solar energy?

All fields are required. Egypt has the potential to achieve sustainability by using solar energy to reduce reliance on non-renewable sources and promote a sustainable future.

Is Egypt a good place to invest in solar energy?

Egypt has plenty of land and high solar yields, “making renewables highly competitive against other sources of energy,” the Scatec spokesperson said. But the main limiting factor is the high cost of financing as a result of rising global interest rates, they added.