Forecast: Renewable Power Generation in Egypt

The renewable power generation in Egypt has shown significant growth from 2013 to 2023, starting at 1.6 TWh and reaching 19.24 TWh in 2023. Over the last decade, the annual growth rates have fluctuated greatly, with notable spikes in 2015 (65.84%) and 2019 (82.74%). The past two years saw growth rates of 24.71% in 2022 and 19.71% in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) averaged 40.29%, indicating a robust expansion in renewable energy output in Egypt.

Looking forward to the forecasted data from 2024 to 2028, we expect the renewable power generation to continue expanding, albeit at a more moderate pace compared to the previous years. The anticipated CAGR for this period is 9.25%, with a forecasted 5-year growth rate of 55.62%, reaching an estimated 34.84 TWh by 2028.

Future trends to watch for:

  • Technological advancements and cost reductions in renewable energy sources.
  • Government policies and incentives aimed at promoting sustainable energy.
  • Investment trends in renewable energy infrastructure and capacity expansion.
  • Potential integration with regional energy grids to enhance stability and distribution.
  • Impact of global environmental initiatives and agreements on local renewable energy policies.

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