Published on : Dec 21, 2016
Albany, New York, December 21, 2016: A recent report highlighting the power market in Egypt has been added to the vast portfolio of Market Research Hub (MRH) repository. It is entitled as “Wind Power in Egypt, Market Outlook to 2030, Update 2016- Capacity, Generation, Investment Trends, Levelized Cost of Energy (LCOE), Regulations and Company Profiles”. The research provides details on renewable power in the country including wind, small hydro, biopower and solar PV. Also, the analysis covers installed capacity and power generation trends from 2006 to 2030 in the Egypt wind power market.
It is well known that wind energy (Onshore and Offshore) is a vital part of renewable energy development globally. According to the report, Egypt’s demand for electricity is growing rapidly and the need to develop alternative power resources is becoming more crucial. It is projected that the demand is increasing at a rate of 1500 to 2000 MW a year, as a result of rapid urbanization and economic growth. Egypt has been suffering severe power shortages over the past years, which is necessitating the requirement to look for wind energy development in this country.
Initially, the report provides detailed analysis on renewable power market including solar photovoltaic (PV), concentrated solar power (CSP), small hydropower (SHP), geothermal and biogas along with a brief introduction on global carbon emissions and primary energy consumption. This information is covered for the historical period of 2006 to 2015 and forecast period of 2015 to 2030. In another section of the report, deal analysis of Egypt wind power market has also been analyzed. These deals are analyzed on the basis of mergers/acquisition, partnerships, debt offerings, private equity and venture capitalists.
Now, Egypt is recognized as having some of the world’s best wind resources, mainly in the Gulf of Suez area with substantial additional potential along the east and west banks of the Nile. The report states that due to the government support which is fuelling investor’s interest and confidence in the country’s renewable energy future, the wind power market is booming. Additionally, a large number of prospects are there for the wind energy market owing to the rise in the pollution level and respiratory problems from conventional fuels.
Furthermore, the report also provides company snapshot of leading companies in Egypt. Companies mentioned in the report includes:
- EL Sewedy Electric Company
- Egyptian Electricity Transmission Company
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Major active and upcoming wind projects are also mentioned in the report. According to the Egypt wind energy association, 700 square kilometers have been set aside for new wind projects in the Gebel el-Zayt area.
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