The market for delivering solar power to national energy grids is expanding. As regulatory frameworks change, the costs of solar building materials plummet, and technological efficiencies emerge, a compelling business environment has emerged that plays to Hassan Allam’s strengths.
Hassan Allam has a history of partnering with industry leaders and top-tier technology providers in Egypt to develop vital power infrastructure. Utility and energy costs are rising in Egypt as the country phases out subsidies on fuel and electricity. Meanwhile Egypt’s desert climate offers vast opportunities for solar power, and with it, the potential to develop an industry worth billions of dollars.
Recognizing the need for sustainable and affordable energy solutions, Egypt has set a target of generating 20% of the country’s electricity from renewables by 2022 and is relying on the private partners like HA Utilities to develop the majority of this capacity.