Egypt To Build Massive Solar Plants

Mr Younis said the project will cost around $700 million and will be financed by the World Bank and the African Development Fund.

Mr Younis said the photovoltaic power plant will be built in Kom Ombo, near the Aswan High Dam hydroelectric plant in southern Egypt.

And the advantages of solar energy are plain to see for a country like Egypt.

"Ninety percent of the land in Egypt is empty and is suitable for setting up solar and wind farms."

Renewable energy is not new to Egypt. A massive 500 MW wind power plant is already established in the Zaafrana are of the Gulf of Suez. However, the ministry believes that this new solar energy initiative will spark more interest in this growing field and bring the cost of solar energy down.

“We believe that through the incentive idea, companies will be more willing to enter the market because they will get the profits from their construction as well."

Despite the positive efforts made to have 14% of its power from renewable energies such as solar energy, the ministries of electricity and environment believe the country can double this by 2025 if options are made available.

According to an environment ministry official in the Red Sea, Egypt has the potential to “show the world how renewable energy can be profitable and sustainable.”

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