Egypt Future Solar Energy, Wind Energy Future Egypt, Wind Energy Market Egypt - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Egypt Future Solar Energy, Wind Energy Future Egypt, Wind Energy Market Egypt

Description:

Stability of Government, Improving Economic Conditions and Reduction in Electricity Subsidy will lead the Growth in Cleantech Energy Segment. Source:  Related Reports: Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com – PowerPoint PPT presentation

Number of Views:103

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Egypt Future Solar Energy, Wind Energy Future Egypt, Wind Energy Market Egypt


1
Cleantech Market in Egypt
  • The Cleantech Market in Egypt is Led by Declining
    Price of Solar PV Modules and Governments
    Commitment to Improve the Renewable Energy
    Proportion in its Total Energy Mix Ken Research

2
Stability of Government, Improving Economic
Conditions and Reduction in Electricity Subsidy
will lead the Growth in Cleantech Energy Segment.
3
Egypt has setup an ambitious target to generate
20.0 of its energy from renewable energy sources
such as wind, solar and others by the end of
2022. From 2011-2013 the development of cleantech
energy was halted in Egypt due to political
instability in the country. Energy output and
consumption has continued to grow at remarkable
rates for much of the country. Post recovery from
political and economic turmoil in country, the
cleantech energy segment received a boost with an
addition of large wing farm to improve the
contribution of renewable energy in the country.
First phase of feed-in-tariff was launched with
very attractive price slabs to attract foreign
investors.
4
Prices declined in the second phase due to low
cost of installing solar and wind power plants
(Fall in PV module and Wind turbine price). Per
unit electricty cost was reduced by 42.6 for
electricty generated through small scale solar
plant and 41.4 for large scale solar power
plant. Similar trends were observed in wind
energy pricing where per unit rate was changed to
smaller slab system with rates depending on hours
of operation of wind turbine.
5
Prices declined in the second phase due to low
cost of installing solar and wind power plants
(Fall in PV module and Wind turbine price). Per
unit electricty cost was reduced by 42.6 for
electricty generated through small scale solar
plant and 41.4 for large scale solar power
plant. Similar trends were observed in wind
energy pricing where per unit rate was changed to
smaller slab system with rates depending on hours
of operation of wind turbine.
6
The country has shown erratic growth pattern
which is expected to follow smooth trend in
future as market penetration of cleantech energy
segment improves. Rooftop solar has gained
significant demand for both on grid and off grid
connections. Growth in cleantech energy segment
has led to growth in the EPC (engineering,
procurement and construction) market for
cleantech energy segment as most of the bigger
capacity tenders are based on this method. Even
private companies which install large rooftop
solar power plants use the EPC services to
execute and ease the process of integration.
7
Egypt has vast area of barren land which is
uninhabited making it ideal for generating
renewable energy. In August 2016, government
plans to increase electricity prices have been
finalized as part of its five-year campaign to
restructure subsidies for the electricity sector
to zero by 2018. Companies developing renewable
energy sources in Egypt are getting attractive
rates in comparison to global rates and are the
key growth driver of cleantech energy in Egypt.
8
The report titled Egypt CleanTech Energy Market
by Technology (Solar PV, Solar CSP, Wind,
Hydropower) and by EPC Market Outlook to 2021 by
Ken Research suggested that market for cleantech
energy will be driven by wind energy segment.
Global manufacturers including Siemens and Vestas
will develop the majority of projects. Solar is
expected to register very fast growth as many
large projects are in pipeline.
9
Contact UsKen ResearchAnkur Gupta, Head
Marketing Communicationssales_at_kenresearch.com
91-1244230204 ext. 26
About PowerShow.com