The Egyptian government revealed governmental plans to exit renewable energy projects and not implement new projects in this field, with a focus on making room for the private sector to lead the growth of this strategic sector.

The New and Renewable Energy Authority will be tasked with managing the current renewable energy plants, which have a total capacity of 1,600 megawatts, while the private sector’s capacity in this field reaches 2,000 megawatts, excluding hydropower.

The Authority will focus on implementing the mega projects for which memorandums of understanding have been signed with international companies with capacities exceeding 50,000 megawatts, while the private sector will have the opportunity to establish new projects.

As part of this approach, the government is working to sell two major wind stations: “Jabal al-Zeit” with a capacity of 580 megawatts and “Al-Zafarana” with a capacity of 545 megawatts to the British “Actis” and the Danish “Maersk” companies, respectively.

The government will focus on issuing the necessary legislation to regulate the work of the private sector, providing the necessary lands to implement renewable energy projects, in addition to reviewing the prices for purchasing energy from the private sector in cooperation with the competent authorities.

It is worth noting that Egypt seeks to reach its total electricity production through renewable energy sources to 42% of the total national electricity grid by 2035, as part of its endeavor to diversify energy sources and achieve environmental sustainability.