Egypt and UK to cooperate in renewable energy
July 7, 2022, 7:30 pm

Egypt and UK to cooperate in renewable energy

Pinwheels- Renewable wind energy/Pixabay

Egypt and the UK have signed a statement of intent to cooperate in reforming renewable energy regulations, the Arabnews reported.

It said that the signing took place in London during a meeting between Egypt’s Foreign Minister Sameh Shoukry and Liz Truss, the UK’s secretary of state for foreign, Commonwealth and development affairs.

The UK said it “commends Egypt’s leadership and efforts on renewable energy generation and opportunities for British investors and firms within the energy sector.”

Alongside the plans to cooperate on energy, there was news of a joint $325 million investment for the launch of the Lekela wind farm, located in northern Egypt, boasting 252-megawatt capacity and expected to boost the country’s wind output by 18 percent.

Offshore wind farm under construction in the Irish Sea, Duddon Sands, Cumbria, UK, 2014. Credit: Chris James/Alamy Stock Photo.

The ministers also explored opportunities for economic cooperation between the two countries, and agreed on a need to work on growing bilateral trade and investment.

The meeting also witnessed the finalization of British Investment International’s $100 million acquisition of Egypt’s Alfa Medical Group.

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Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, rain, tides, waves, and geothermal heat.

Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
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