Cairo energy storage industry center

Does Egypt need EEHC & Scatec?

The Egyptian Cabinet has already approved the cooperation agreement between EEHC and Scatec. This decision aligns with the government's commitment to increasing the country's renewable energy capacity. By embracing projects like the solar and battery storage initiative, Egypt aims to diversify its energy sources and reduce its carbon footprint.

Is Egypt a good place to invest in solar energy?

Egypt has plenty of land and high solar yields, “making renewables highly competitive against other sources of energy,” the Scatec spokesperson said. But the main limiting factor is the high cost of financing as a result of rising global interest rates, they added.

Are Egyptian hotels environmentally friendly?

Recently, the Egyptian government approved the implementation of 691 environmentally friendly projects, including the electric train in Cairo and many renewable energy projects. The country also began issuing ‘green star certificates’ for hotels that implement environmental compliance policies.