Between 2013 and 2023, Egypt's renewable power generation witnessed significant fluctuations. Initial years saw modest growth, substantial increases in 2018 and 2019, and a notable spike in 2020. However, from 2021 to 2023, growth slowed down with slight decreases observed in 2022 and 2023. The unit value in 2023 stood at 0.092 Exajoules. Over the last two years, the year-on-year variation showed a decline, signaling a plateauing trend. The last five-year CAGR reflects a substantial growth of 22.03%, indicating strong overall momentum.
Future trends to watch:
- Technological advancements in renewable energy sources.
- Government policies and incentives for renewable energy investment.
- Potential economic factors affecting energy demand and investment capacity.
- Environmental policies and international commitments towards climate goals.