Forecast: Total (Excluding Solid Biofuels) Renewable Energy in Egypt

The total (excluding solid biofuels) renewable energy supply in Egypt stood at 1.54 units in 2023. The trend shows a general decline over the past years, with a few brief periods of growth. Year-on-year variations have fluctuated but revealed an overall negative trend, notably from 2016 onwards. The most recent data indicates a contraction of 0.97% in 2023. Looking at the five-year CAGR ending in 2023, there is a slight yearly average reduction of -0.62%.

Future projections indicate continued decline, with the CAGR forecasted to be -0.83% over the next five years, resulting in a total estimated decrease of 4.07% by 2028.

Future trends to watch for include technological advancements in renewable energy generation, potential government policy changes to incentivize renewable energy, and possible shifts in global energy markets that could impact Egypt’s renewable energy sector.