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Egyptian renewable energy investment

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Egypt

Description

Overview
Sector Energy
Focus area Renewable energy (unspecified)
Type of action Strategy/Policy
Scope National
Stage Feasibility study
Submitted to UNFCCC registry No
Start of initiative 2011
Financing and support details
Financing status
(no data)
Total cost
(no data)
Financing requested
(no data)
Financing received to-date
(no data)
Principal source of financing Not known
Principal type of financing
(no data)
Capacity building required Unknown
Technology transfer required Unknown
Additional information
Proponent(s)
(no data)
International funder(s)
(no data)
Organization providing technical support RCREEE, Perspectives, Alcor
Contact
(no data)
Objective:

Contribute to the target of 20% renewable electricity generation by 2020. A feed-in tariff is to be developed for several sources of renewable energy and a renewable energy support fund to be set up to back feed-in tariff payments.

Activities:
The following activities would be undertaken:

  • Subsidizing the tariffs offered by the Egyptian Electricity Holding Company so that more rapid penetration of renewable energy sources could be achieved, including via private sector investment
  • Establishment of RE support fund to cover the feed-in tariff payments
  • Reform of regulatory framework to fit a larger renewable energy share (e.g. guaranteed network access and preferential dispatch)
  • Supporting the New and Renewable Energy Agency (NREA)
  • Assistance for the integration of RE into the grid
  • Development of a MRV system

Impact and MRV

No Data Available.png
Cumulative GHG reductions: No data available
Mitigative capacity:

No information has been provided on mitigative capacity

Co-benefits:

Social: Information has not been provided
Economic: Diversification of the energy system and thus increase of long term energy security, revenues generated by export of natural gas (which otherwise would have been consumed internally)
Environmental: Information has not been provided

MRV Framework:

The MRV framework would be based on CDM methodology ACM002.


References