Wind and Solar Energy: Opportunities to Save Gas and Support Factories in Egypt
Published
Energy experts speaking at the "Egypt Economic Outlook" conference discussed the role of renewable energy sources in the Egyptian economy. The discussion focused on wind and solar energy, and their impact on reducing dependence on imports.
The experts said that 1,000 megawatts of wind energy could reduce the need to import gas, saving about 250 million dollars. This means the state could use a smaller amount of imported gas to generate electricity.
As for factories, the experts pointed out that solar energy shortens the investment payback period to four years. In other words, a factory can recover the cost of a solar energy project in less time than usual, which may help factory owners reduce production costs.
This information shows that renewable energy projects can benefit the national economy and the industrial sector alike, as the experts noted at the conference.
Sources: almotawwer.com
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