Daily News Egypt

Siemens to introduce roadmap for emerging energy technologies in Egypt this year - Daily News Egypt

Advertising Area




Advertising Area

Siemens to introduce roadmap for emerging energy technologies in Egypt this year

Plan includes underground energy projects, electric cars


German company Siemens is working on a roadmap for emerging energy technologies, electric vehicles, and energy storage in Egypt.

Informed sources told Daily News Egypt that the project is funded by the French company EDF, and it is scheduled to cover a five-year period. There will be another roadmap for a period of 10 years.

The sources indicated that a workshop is scheduled to present the results of the study during the current year, in the presence of representatives of the New and Renewable Energy Authority (NREA), Siemens officials, and representatives of EDF.

Renewable energy represents 20% of the total electricity produced in Egypt, of which 6% from hydropower, 12% from wind energy, and 2% from solar energy.

The total wind energy projects under development amount to 2,800 MW, including 200 MW in the Gulf of Suez, and 4 private sector wind stations in the Gulf of Suez, including 3 plants at 500 MW per plant, and a plant with a capacity of 1,100 MW.

The total capacity of the implemented solar projects reached 1756 MW, including 140 MW in Koraymat, 1465 MW photovoltaic cells in Benban, 30 MW off-grid, 121 MW solar cells on rooftops, and 26 MW photovoltaic cells in Kom Ombo.

International and Arab companies are completing the final procedures for agreeing to implement renewable energy projects in Egypt with investments amounting to $3.9bn.

EMEA Power, a subsidiary of the UAE’s Al Nowais Group, is set to construct a 500-MW solar power plant with investments amounting to $465m and a 500-megawatt wind farm with investments of $700m.

The Electricity Ministry is close to completing a contract with ACWA Power to inaugurate wind power plants with a total capacity of 1,100 megawatts and investments amounting to $1.4bn.

Also, there is an agreement with a consortium  of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation to establish a wind farm with a capacity of 500 MW, and $700m investment. It was agreed with Siemens Gamesa also to establish a wind farm with a capacity of 500 megawatts and up to $700m investment.

Topics: energy Siemens

Advertising Area

https://www.dailynewsegypt.com/2022/06/14/siemens-to-introduce-roadmap-for-emerging-energy-technologies-in-egypt-this-year/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe