Forecast: Renewable Electricity in Egypt

Egypt's renewable electricity production has shown significant fluctuations over the past decade. From 2013 to 2017, the yearly production saw a consistent decline, with year-on-year variations negative generally indicating decreasing trends. However, starting in 2018, there was a notable increase with an 11.6% rise, continuing into 2019 with a substantial 35.82% increase. The subsequent years up to 2023 maintained a steady growth trend, averaging an annual CAGR of 9.48% till 2023, where the output stood at 13.92 units of electricity production. Forecasts from 2024 suggest a continued growth trend, albeit at a slower rate, with a forecasted 5-year CAGR of 1.72%.

Future trends to watch:

• Increasing installation of solar and wind power capacity.

• Government policy and subsidies promoting renewable energy investments.

• Technological advancements reducing costs and improving efficiency.