News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/egypt-unveils-wind-energy-ambitions.html

Egypt will aim to kick-start its renewable energy industry by setting a target of generating 12 per cent of its entire power from wind over the next five years.

According to reports, Electricity Minister HassenYunes said he will aim for 2,690MW of wind power to be installed in the country between now and 2016.
Working in co-operation with the European Union, financial institutions in Germany and the government of Japan, Egypt aims to construct wind farms largely around the Gulf of Suez, AFP said.
In July, the government revealed it also planned to build a 1GW solar plant by 2017 that will cost in the order of $700m. A tender for this was launched later in the year.
Early signs in 2011 indicate that the country is taking the adoption of renewable energy very seriously and Solar Millennium subsidiary Flagsol launched a hybrid solar thermal project 100km south of Cario that is expected to provide a foundation for future investment into similar projects in the region.
The €250m project is the first hybrid solar thermal project in the North African country and is set to supply uninterrupted power to its grid early this year.
World Bank statistics show the Gulf of Suez is one of the most suitable locations in the world for wind energy, according to AFP.