Key View 23 May 2022 Egypt
Renewables Headline Forecasts (
|Generation, Non-Hydropower Renewables, TWh||6.605||8.099||9.959||11.743||13.488||15.318|
|Generation, Non-Hydropower Renewables, % y-o-y||13.9||22.6||23.0||17.9||14.9||13.6|
|Capacity, Non-Hydroelectric Renewables, MW||3,773.9||4,810.5||5,635.5||6,534.5||7,486.7||8,461.9|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||19.9||27.5||17.1||16.0||14.6||13.0|
Key Forecasts And Latest Updates
- Egyptian authorities have seen a significant uptick in the number of large-scale green hydrogen production projects applied for over recent months. Between January and
April 2022, five new green hydrogen production projects were announced, totalling more than 2.3mn tonnes per year (tpy) in hydrogen production upon completion. Four of the projects will be located in the Ain Sokhna and Suez Canalspecial industrial and economic zones. Investors include Scatec, Petrofac, Mediterranean Energy Partners, EDF Renewables, Zero Waste, AMEA Power, Masdar and Hassan Allam Utilities. The projects plan to come online between 2026 and 2030, with some of these plans including proposals to construct solar and/or wind power capacity to power the plants’ electrolysers. Given the vast amount electricity needed to produce these high volumes of hydrogen, we note that this points to significant growth in the demand for renewable electricity over the long term. ACWAis reportedly finalising the offtaker agreement with the Egyptian Electricity Transmission Company(EETC) for a 1.1GW onshore wind power project valued at USD1.2mn. Reports indicate that the agreement is expected to award the plant a contract to sell its electricity to the EETC at a rate of USD0.0258/MWh. The company is also negotiating a land use contract with the New and Renewable Energy Authority(NREA), and plans to reach a usufruct agreement within the coming months. Orascom Construction, Scatecand Metito Holdingshave announced plans to construct a USD1.5bnsolar-powered desalination plant in Aswan. The facility will consist of a 400MW solar power plant and a desalination plant with the capacity to process one to two million cubic meters of saline water per day. The project is part of USD2.5bnscheme, which envisages the construction of 17 desalination facilities around the country.
23 May 2022 Egypt
23 May 2022 Egypt
Non-Hydro Renewables Generation By Type And Share Of Total Electricity Generation
Non-Hydro Renewables Capacity By Type And Growth
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