Forecast: Renewable Energy Consumption in Egypt

Renewable energy consumption in Egypt demonstrated fluctuations from 2013 to 2023, ultimately positioned at 6.36 Units of Final Energy Consumption in 2023. The marked increase in renewable energy consumption seen in 2019 (up by 23.86%) tapered off to minimal declines from 2021 to 2023, demonstrating a plateau effect. From 2018 to 2023, despite fluctuations, the average annual growth (CAGR) was 4.8%. Forecasts from 2024 to 2028 show a slight downtrend with an average annual decline of -0.54%, culminating in a total reduction of 2.69% over these five years.

Future trends to watch for:- Regulatory changes and government incentives to boost renewable energy investment.- Technological advancements in renewable energy technologies and their adoption rate.- Economic factors influencing energy consumption patterns.- Impact of global renewable energy policies and market dynamics. - The contribution of private sector investments and public-private partnerships in renewable energy projects.