Renewable energy is Egypt's raft out of crisis: Experts

Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of Egypt's energy crisis, according to experts who attended the Cairo Energy Conference.
"The energy problem is well known. Its solutions are also well known, but there is no will to solve it," says Mohamed Shoeb, former president of the Egyptian Natural Gas Holding Company.

Shoeb and other experts, some of which are former officials, believe an advance can be achieved if the government thinks out of the box.

Many believe solar energy is a viable option for Egypt. "Some countries, like Germany, have a plan to generate all their electricity needs from renewable energy by 2050, and so should we," says Gala Othman, president of the Association of Wind Energy.

"Solar energy is no longer expensive. The cost of it has decreased by almost 90 percent during the last 10 years," says Shoeb.