The total renewable energy in Egypt grew from 3.59 Million Tonnes Of Oil Equivalent (MTOE) in 2013 to 3.77 MTOE in 2023. The year-on-year growth for 2022 was 0.41%, and it slightly reduced to 0.4% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) averaged 0.42%. Forecasts for 2024 onward predict a more moderate growth, with the forecasted CAGR over the next five years (2024-2028) at approximately 0.29%, estimating a total of 3.84 MTOE by 2028.
Key future trends to watch for include advancements in renewable energy technologies, government initiatives towards increasing renewable energy investments, and global trends in energy consumption and sustainability targets. However, potential economic or political changes within the region may also affect future trends and actual growth.
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