The strategy is meant to empower Egypt to generate and use hydrogen using renewable energy instead of fossil fuels. Egyptian President Abdel-Fattah El-Sisi urged on Saturday the preparation of an integrated national strategy for the production of green hydrogen in light of the growing international interest in this promising source of energy for the near […]
Egypt Plans to Increase Solar And Wind Power
Under its 2030 vision, Egypt plans to increase the supply of electricity generated from renewable sources to 20 percent by 2022 and up to 42 percent by 2035, with wind power providing 14 percent, hydro power 2 percent, photovoltaic (PV) 22 percent, and concentrated solar power (CSP) 3 percent by 2035. Egypt has advanced from […]
India Climbs to 3rd Spot on EY Index on Impressive Show by Solar PV Segment
The US retains top position on RECAI 57 and is expected to hold its position under President Joe Biden, it stated. This dramatic change has been driven by the Indian government’s policy ambitions, EY said. India has moved a notch higher at the third spot on EY’s Renewable Energy Country Attractiveness Index due to an […]
Is Finance the Biggest Hurdle in the Race to Net Zero?
RECAI 57: with COP26 on the horizon, governments and institutional investors must rise to the challenge of honoring the Paris Agreement. Governments must raise their ambition to get the world on a trajectory to limit global temperature rise to 1.5°C above pre-industrial levels. Institutional investors need clearer commitments on infrastructure spending and details of pipelines […]
Why Hydrogen is Starting to Get the Green Light in Global Renewables
RECAI 57: we examine initiatives in different regions to find out how low-carbon hydrogen might be used in pursuit of net zero. Green hydrogen is seen by investors, developers and politicians as an enabler to meet net-zero targets. With its vast domestic market, large state-owned companies and abundant renewable resources, China could become a green […]
How Climate Risk is Driving Institutional Investment in Renewables
RECAI 57: as institutional investors address climate risk, new tools are unlocking additional value in the renewable energy sector. Global renewable energy capacity investments grew 2% to US$303.5b in 2020 — the seventh year in which investments passed US$250b. Approximately 20% of institutional investors have invested indirectly through funds in renewables in the past two […]