Renewable electricity generation excluding hydroelectricity in Egypt stood at 1.09 Units of Electricity Production in 2023. The data from 2013 to 2023 indicates a gradually increasing trend with minor fluctuations. The year-on-year percentage changes show a consistent but slow growth pattern, with a noticeable dip in 2015. The five-year Compound Annual Growth Rate (CAGR) averaged 2.05% as of 2023. Looking forward, the forecasted data from 2024 to 2028 suggests a continued increase, although at a slightly lower CAGR of 1.32%, indicating a 6.79% growth rate over the next five years.
Future Trends to Watch For:
- Advancements in renewable technology and their adoption rates.
- Policy changes from the Egyptian government promoting renewable energy.
- Fluctuations in global energy prices affecting renewable investments.
- International collaborations and investments in Egypt's renewable sector.