The Egyptian network for sustainable energy investments was launched at the Egyptian roundtable which took place on 7 February 2023, in the context of the ‘Mediterranean Sustainable Energy Investment Forums organised by the EU-funded Mitigation Enabling Energy Transition in the Mediterranean (meetMED) project.

The Mediterranean Sustainable Energy Investment Forums aim to facilitate dialogue between the financial sector, public authorities and all stakeholders involved in delivering investments in sustainable energy. Before being introduced in the Southern Mediterranean region, these forums were already active in the EU, since 2017. The Egyptian round table called for the need to strengthen the financing mechanisms of renewable energy projects and reduce the risk perception of banks in this important sector. The meeting resulted In the establishment of the Egyptian network for sustainable energy investments. This is the first national network ever launched in the initiative, and includes several stakeholders in the country, including technical experts, policymakers, IFI’s and banks’ representatives.

Mitigation Enabling Energy Transition in the Mediterranean region (meetMED) is an EU-funded project, developed by the Mediterranean Association of the National Agencies for Energy Management (MEDENER) and the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE). MeetMED aims at strengthening the implementation of energy efficiency measures and improving countries’ energy mix focusing on the building and appliances’ sectors through a multiscale, multi-partner and inclusive approach at local and regional levels, fostering regional cooperation. MeetMED’s beneficiary countries are: Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, Palestine and Tunisia.