Egypt Ranks 20th on Renewable Energy Country Attractiveness Index

Renewable energy plants - REUTERS
Renewable energy plants - REUTERS
TT
20

Egypt Ranks 20th on Renewable Energy Country Attractiveness Index

Renewable energy plants - REUTERS
Renewable energy plants - REUTERS

Egypt has advanced from 26th place in 2020 to the 20th among the world’s top 40 markets in the Renewable Energy Country Attractiveness Index for 2021, the cabinet’s information center announced.

“Egypt’s success in the field of transformation and the use of renewable sources of energy continue to take place,” the center noted on the sidelines of Egypt Energy exhibition and conference.

“Egypt advanced twice in a row during 2021, which affirms its target to transform into a sustainable and green economy,” it added.

Under Egypt’s 2030 Vision, the country plans to increase the supply of electricity generated from renewable sources to 20% by 2022 and up to 42% by 2035, which would enhance Egypt’s use of its potential as the largest country capable of generating electricity from solar and wind energies, the center explained.

The three-day Egypt Energy exhibition and conference kicked off on Monday in Cairo and reviewed the developments in Egypt’s energy market.

The sessions held tackled the importance of Hydrogen and expansion in its uses, especially green hydrogen, which depends on environmentally friendly sources.

Participants pointed to the energy transition measures and their importance in attaining sustainable development in accordance with Egypt’s Vision 2030 and enhancing the potential of cleaner energy use.

The New and Renewable Energy Authority has allocated eight billion pounds (about $510 million) in the 2021/22 fiscal year’s budget, which ends in June 2022.

The authority’s total financial budget during the fiscal year 2020/21 amounted approximately 7.5 billion pounds ($480 million), of which 66 percent were allocated for new investments, and the rest for existing projects.



Berlin Eyes Partnership with Riyadh in Expo 2030, Climate Cooperation, Hydrogen Initiatives

Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
TT
20

Berlin Eyes Partnership with Riyadh in Expo 2030, Climate Cooperation, Hydrogen Initiatives

Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
Saudi and German flags fluttering - File Photo/Asharq Al-Awsat

A senior German official affirmed his country’s commitment to strengthening cooperation with Saudi Arabia across various fields, noting that bilateral trade relations continue to grow steadily, with trade volume reaching around 7 billion Euros.

Speaking to Asharq Al-Awsat, German Ambassador to Saudi Arabia Michael Kindsgrab said: “The sectors driving this growth—chemicals, machinery, and transport—reflect the strong industrial connections we share. These are areas where German expertise is making a real difference in Saudi Arabia’s development.”

He added: “Looking ahead, there is much to be excited about. Expo 2030 is an incredible opportunity for us to further deepen our collaboration, showcase the best of what both Saudi Arabia and Germany have to offer, and inspire future generations to continue building on this remarkable partnership.”

German Ambassador to Saudi Arabia Michael Kindsgrab - Asharq Al-Awsat

Renewable Energy

On climate cooperation, the official said: “As for climate cooperation, we have just launched a relevant study on the Saudi labor market in the renewable energy sector, which was reviewed by the National Labor Observatory and discussed with experts of KAPSARC, KaCare and PSU. This is a great example of our close and meaningful partnership, tackling the challenges of today with an eye on the future.”

Blossoming Relations

Kindsgrab noted that Saudi-German relations are truly blossoming, saying: "I am proud to see our partnership becoming deeper and stronger across so many areas. From a personal perspective, it is inspiring to witness the growing bonds between our two countries. These ties span a wide range of sectors, including energy, transport, architecture, health, education and culture—creating a solid foundation for the future.”

“One of the most exciting aspects of our cooperation is in the area of energy transition. German innovation is at the heart of NEOM’s green hydrogen projects, with Thyssenkrupp Nucera playing a key technological role in making the vision of decarbonization of industry a reality,” he affirmed.

“Beyond energy, we’re also seeing significant progress in transport, where Siemens’ delivery of metro wagons helped to shape the modern infrastructure of Saudi cities. And let’s not forget the impact of German architecture in megaprojects such as King Salman Park or the design of Expo 2030, which I believe will be a landmark event for both our countries, ” added Kindsgrab.

“In the health sector, the collaboration with Charité in Berlin is another example of how our nations are working together to improve lives.”

Accelerated Cultural Cooperation

“And now, I am particularly excited to see the acceleration of cultural cooperation, such as the recently launched museum initiative between the Saudi Museums Commission and the Prussian Cultural Heritage Foundation of Germany,” the German ambassador stressed.

“This cooperation emerged as part of our shared efforts to strengthen people-to-people ties and will play an enriching role for the cultural relations, as it includes a loan program for artworks, joint curatorship and training programs to support talent development,” he concluded.