Back to the complete issue
Monday, 16 August 2021

NREA projects’ energy production up 22% in FY2020-2021

Egypt’s renewable energy production from the New and Renewable Energy Authority’s (NREA) projects has increased over 22% y-o-y in FY2020-2021, reaching c. 4.5k megawatts / hour, the NREA announced in a meeting last Tuesday, attributing the increase to improved operational efficiency and maintenance. Solar and wind projects affiliated with the NREA offset around 2.2k tons of CO2 emissions officials said, adding that the NREA runs projects with a collective capacity of 6k MW, of which 1.2k MW is owned by the NREA. Egypt’s solar energy production was up 306% y-o-y to 3.6k GWh in FY2019-2020 thanks to contributions from Aswan’s Benban solar power park, which came online in December 2019.

 

CORRECTED ON 19 DECEMBER-

Egypt’s renewable energy production from NREA projects was up 22% in FY2020-21, not FY2021-22 as was previously noted. 

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.