Egypt Energy Exhibition to Highlight Renewables for Sustainable Future
Egypt Energy Exhibition and Congress has announced the theme of its upcoming edition under the title of “Confident in Transitioning into a Sustainable Future’’. The upcoming (31st) edition of the event will be held from 30 October until 1 November 2022.
The exhibition’s timing this year aligns with the UN Climate Change Conference in November 2022 (UNFCCC COP 27).
Egypt Energy Exhibition aims to signify renewable energy’s central role in Egypt Vision 2030 including ensuring energy security, enhancing rational and sustainable management of the sector, reducing the intensity of energy consumption and limiting the environmental impact.
The event under the patronage of Ministry of Electricity and Renewable Energy will gather global thought energy leaders and innovators to showcase the latest technologies that are disrupting the energy sector.
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Besides, the latest energy topics and upcoming mega projects in Egypt, Middle East and Africa will also be discussed. Recently, Egypt has been taking bold steps towards the transition into clean and sustainable energy.
Egypt has announced the implementation of more than 691 eco-friendly projects.
These include, 25 MW wind power projects in the Gulf of Suez, 50MW solar photovoltaic power plant in Zaafarana, the production of green hydrogen in the economic zone of the Suez Canal and on the Mediterranean coast, the electric train and a biofuel production plant amongst others.
Azzan Mohamed, Energy Exhibition Director, Informa Markets stated: "The investment climate in the fields of renewable energy within Egypt and the MEA region is now more attractive than ever before and the Egyptian government has placed the transition amongst its priorities.
"The investment amount in Egypt’s renewable energy capacity is currently set at around $2.08 billion per year until 2030, which the country plans to increase further."
The International Finance Corporation (IFC) believes that $105 billion is required to be brought into Egypt’s energy sector in climate-smart investments by 2030. As for the Gas sector, Gas development would make up around $17.88 billion.