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

The renewable energy supply in Egypt, excluding solid biofuels, has shown significant variability over the past decade. From 2013 to 2015, the growth was moderate, peaking at 1.68 in 2015, followed by a dip in 2016 and 2017. However, 2018 marked a strong recovery, with the supply increasing to 1.65. A significant growth spurt was observed in 2019 with a value of 2.22, continuing upward to 2.33 in 2020. Since then, the supply stabilized around 2.32 from 2021 onwards, with a slight decline projected in the future years through 2028.

Key Variations:

• 2018: Year-on-year increase of 14.58%
• 2019: Year-on-year increase of 34.55%
• 2020: Year-on-year increase of 4.95%
• 2023: Year-on-year decline of -0.43%
• Forecasted 5-year CAGR: -0.17%

In 2023, the renewable energy supply excluding solid biofuels stood at 2.31. The average annual growth rate (CAGR) over the past five years has been strong, at 6.96%, indicating substantial growth momentum up to 2023. However, future projections indicate a plateauing trend, with the forecasted 5-year CAGR being slightly negative at -0.17%, suggesting a stabilization rather than continued accelerated growth.

Future trends to watch for include technological advancements in renewable energy, policy changes, and investment levels in the sector. The stabilization trend might be due to infrastructure limitations or market saturation. Monitoring these factors will be crucial for understanding shifts in the renewable energy landscape in Egypt.