Egypt targets 45% renewables by 2028

Egypt aims to increase its share of renewable energy to 45% of total electricity production by 2028, as part of a strategy to enhance new and renewable energy projects and battery storage technologies to ensure the stability of the national grid. Investments in the electricity and renewable energy sector have reached approximately 5 trillion Egyptian pounds since 2014, supported by international funding for projects and the localization of key industries such as storage batteries. President Abdel Fattah El-Sisi also emphasized the importance of strengthening investment partnerships and domestic industries, especially in the fields of black sands and rare earth elements, to achieve energy security and a green transition.

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