Latest news with #Sawa'edMasr

See - Sada Elbalad

Egypt Becomes Africa's 2nd Largest Producer of Renewable Energy, Focuses on Wind Power

Ahmed Emam Egypt has achieved a significant milestone by becoming the second-largest producer of renewable energy in Africa, particularly in wind energy, according to Extra News. During a live segment on the 'Sawa'ed Masr' program, hosted by Aya Abdelrahman on Extra News, El-Ghannam highlighted the country's rapid progress in renewable energy development, attributing the success to Egypt's strategic geographical location—especially in the Gulf of Suez, one of the world's most active wind corridors. "Today's visit by the Egyptian Prime Minister to several wind power stations in the region underscores the government's ongoing commitment to these critical projects," said El-Ghannam noting that many of these facilities are operated in partnership with both local and international private sector companies. 'Egypt has adopted renewable energy as a strategic path for several reasons,' El-Ghannam said. 'These include low maintenance costs, environmental preservation, and reducing dependence on fossil fuels.' The Gulf of Suez, which was the focus of the Prime Minister's visit, is characterized by wind speeds reaching up to 10 meters per second—an ideal condition that has attracted substantial investor interest. According to El-Ghannam, the government has invested in strong infrastructure to encourage further investment, a fact documented by Extra News during the tour. He added that vast stretches of land from Ain Sokhna to the outskirts of Hurghada are now dotted with wind farms, reflecting Egypt's growing ambition to lead in the field of clean energy. Egypt has advanced five positions in Africa's solar energy rankings, achieving second place with an installed capacity of 707 megawatts (MW) by the conclusion of 2024, as reported by the Solar Energy Industry Association in Africa. South Africa holds the top position with 1,235 MW, while Zambia follows in third place with 74.8 MW, according to a report released by the International Energy Agency (IEA) in March. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)