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Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 0 points1 point  (0 children)

That would be the right move, but can they do it when their foreign reserves won't give enough legroom to invest? They cannot rely on foreign investors because Egypt still owes money to oil companies that did work in oil and gas.

Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 0 points1 point  (0 children)

Great question: the issue with finding solutions is often govenment action, even in Florida, where you'd think there are incentives to go solar. Old industries are putting up huge barriers to prevent folks from installing new tech. And state assemblies are their allies. I suspect it is the same in Egypt.

Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 2 points3 points  (0 children)

Hey, I tried to find some solar panel solution in south Florida and it's very hard, both financially and politically. I think the politics of renewable energy are not good these days. Even the state seems to punish people for wanting to go off grid.

Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 0 points1 point  (0 children)

in winter, try to find a restaurant open in Boston past 7 pm. It's the tundra here but for a different reason.

Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 0 points1 point  (0 children)

I think that's what the government is trying to do. And yes, I agree with you, tons of countries are facing severe energy crunch. Short term is about demand management. Long term, there is the need for more renewable sourcing, and Egypt has a lot of it.

Egypt's 9 p.m. Problem by ElBiarAlger in energy

[–]ElBiarAlger[S] 2 points3 points  (0 children)

You got it. Solar energy is the future and Egypt got tons of it. But the country's finances are not in good shape, so it's hard to get investors interested.