Egypt is expected to depend 25% on solar power by 2030, Siemens’ President for Renewable Energy in Egypt and Head of Wind Power Middle East, Emad Ghaly, said at the Annual Builders of Egypt Forum in Cairo, according to Zawya.

Siemens is currently implementing large projects in Egypt to generate around 2,000 MW of electricity, including the establishment of 12 wind power plants and the construction of a factory manufacturing blades for wind turbines in Ain Sukhna is also on track. Siemens aims to add around 4,400 MW of the total capacities by the year 2017, Noozz reported.

The company has managed to overcome some financing problems by depending on self-finance and through accepting loans from a number of banks and financial organizations.