RIYADH: Egypt is aiming to achieve a 45 percent renewable energy share by 2028, ahead of the previous 2030 target, the country’s prime minister revealed.
Speaking at a press conference following the weekly Cabinet meeting, Mostafa Madbouly explained that the electricity network is being upgraded to accommodate the additional capacity, at an estimated cost of 160 billion Egyptian pounds ($2.94 billion).
Earlier this year, Deputy Electricity Minister Sabah Mashaly said that the North African country aims to increase the share of new and renewable energy to 42 percent of its total energy mix by 2030, as part of a comprehensive national strategy to achieve energy security and sustainability.
It also reflects the Middle East’s accelerating shift toward renewable energy, with countries aiming to significantly expand clean energy capacity by 2030.
Saudi Arabia is targeting 50 percent of its electricity from renewables by the end of the decade, while the UAE has committed to achieving net-zero emissions by 2050.
