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NEWS

COP27: Sharm el-Sheikh talks to be powered by 5 MWp solar farm

CategoryStories
CountryEgypt
TagsFinance and Investment, Renewable Energy, Rural Electrification

The Egyptian government plans to power the facilities that will host the COP27 talks with a 5 MWp solar photovoltaic plant. Egypt's plan is to demonstrate its commitment to the development of renewable energy.

Egypt is going all out for the 27th United Nations Climate Change Conference (COP27). The event will be powered by a 5 MWp solar photovoltaic plant. The park, whose construction is almost complete, has been entrusted by the Egyptian government to Gila-AlTawakol Electric. The Cairo-based company is implementing the project in partnership with its compatriot Intro Sustainable Resources (ISR) and GTCI, which is handling the engineering, procurement and construction (EPC) contract.

“Under the auspices of Mohamed Shaker, the Minister of Electricity and Energy, and Khaled Fouda, the Governor of South Sinai, this project is in line with Egypt’s commitment to achieve 42% of its total electricity generation from renewable energy sources by 2030,” says Gila. Through this project, Egypt wants above all to demonstrate its commitment to the ecological and above all energy transition to the world leaders who will be meeting in Sharm el-Sheikh from 7 to 18 November 2022.

Ambitious, its policy is already bearing fruit. Egypt already has an installed renewable capacity of 6,226 MW in 2021. This represents an increase of about 4.4% compared to 2020. The development of the green hydrogen industry is expected to further boost this installed capacity.

And this growth is expected to continue over the next few years as Egypt aims to become the regional hub for clean energy production with the development of the green hydrogen industry. Currently, the North African country is attracting large multinationals that plan to invest heavily in wind and solar power generation to power their electrolysis plants in the Suez Canal Economic Zone.