Egypt noted that China in the benefits of renewable energy technologies and achievements, hoping in this area long term cooperation with China. “Egyptian Minister of Investment Mahmoud Muhyiddin said recently in Beijing, the Egyptian government welcomes Chinese enterprises to invest in Egypt risk. latitude d510 battery
Muhyiddin said the government attaches great importance to developing renewable energies and use. The Government of Egypt in 2008 introduced the “new law on renewable energy, has established a mechanism conducive to investment, encouraging foreign and private companies to invest in a wide range, and put forward for the 2020 targets for renewable energy sources, namely the achievement of renewable energy in total domestic production capacity for electricity reaches 20%, 12% came from wind energy, wind power installed capacity 12650MW up. Currently, based on the abundant land resources of Egypt, stable weather conditions and force labor relatively cheap, the priority of Egypt on renewable energy development, including the wind energy, biomass and solar energy.
The minister said that in Egypt, despite the development and use of solar energy on the basis of relatively low, but the Egyptian government has noted that China in promoting renewable energy development has made great efforts and achieved a technological advantage. In view of the industry estimated the cost of solar will be in the next 5 years to 7 years time, there was a large fall in Egypt intends to vigorously develop the solar market.sony vgp-bps9 , Technological advantages of China in this respect, the willingness of both countries in energy development and use of a new cooperation to provide ample space.
