Egypt: Renewable technologies like sun and wind competitive to gas and diesel

As commissioned by the German embassy in Cairo, the German Fraunhofer Institute for Solar Energy Systems ISE, in cooperation with SolarizEgypt, has calculated the electricity generation costs (LCOE) for renewable technologies and conventional power plants in Egypt. The calculations show that electricity from wind and ground mounted PV systems in Egypt is already competitive today and, in part, less expensive than gas power plants and diesel generators. With an improved financial situation for renewables and the removal of fossil fuel subsidies, renewable technologies can become cheaper than conventional power plants and thus increasingly competitive.
»Cost of Electricity from Renewable Energy Technologies – Egypt«, 35 pages, as PDF free of charge at www.ise.fraunhofer.de (newsànews2016).
© PHOTON

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