Egypt Renewable Energy Market Overview
Market Size in 2024: USD 3,360.9 Million
Market Size in 2033: USD 4,900.8 Million
Market Growth Rate 2025-2033: 4.28%
According to IMARC Group’s latest research publication, “Egypt Renewable Energy Market Size, Share, Trends and Forecast by Product Type, Distribution Channel, Packaging Type, and Region, 2025-2033, the Egypt renewable energy market size reached USD 3,360.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,900.8 Million by 2033, exhibiting a growth rate (CAGR) of 4.28% during 2025-2033.
Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
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Egypt Renewable Energy Market Trends & Drivers:
The Egypt renewable energy market is being driven by its abundant solar and wind resources, which provide a natural advantage for clean power generation. The country enjoys between 2,800 and 3,200 hours of sunshine annually, with daily sun exposure ranging from 9 to 11 hours, making solar energy particularly attractive. Large-scale projects like the Benban Solar Park with a capacity of over 1,400 MW exemplify Egypt’s commitment to harnessing solar potential. Coupled with strong wind corridors, especially in the Gulf of Suez, these resources are enabling the expansion of both photovoltaic and wind power capacity, making renewable energy a cornerstone of Egypt’s power supply strategy.
Government initiatives and supportive policies are fundamental forces accelerating growth in Egypt’s renewable energy sector. The Renewable Energy Law, competitive bidding schemes, and feed-in tariffs encourage private sector participation, while streamlined permitting processes and tax incentives enhance investor confidence. Ambitious national strategies target renewable energy to account for a significant share of the electricity mix, supported by multi-billion dollar investments. This creates a favorable environment for both domestic and international players to launch and scale projects. Government-backed efforts to integrate renewables firmly align with Egypt’s goals for economic diversification, energy security, and sustainability.
Technological innovation and infrastructure development are rapidly shaping the Egypt renewable energy market’s future trajectory. The increasing incorporation of energy storage solutions like battery systems and pumped hydro storage addresses the intermittency challenges of solar and wind power, enabling grid stability and reliability. Smart grid technologies and decentralized renewable systems, such as rooftop solar, are gaining traction, empowering consumers and businesses to generate their own clean energy. These trends, along with electrification initiatives in transportation and industry, are fostering a more resilient, flexible, and eco-friendly energy landscape, which is further reinforced by growing domestic electricity demand and urban expansion.
How AI is Reshaping the Future of Egypt Renewable Energy Market
AI is rapidly reshaping Egypt renewable energy market by enhancing efficiency, reliability, and sustainability across power generation and consumption. AI-powered solutions optimize the performance of solar panels, wind turbines, and energy storage by analyzing real-time data to predict equipment maintenance needs, reducing downtime and costs. The government’s National AI Strategy actively supports AI integration in energy through public-private collaborations and investments in digital infrastructure. AI-driven energy management systems help consumers and businesses monitor usage patterns and make smarter decisions to cut waste and lower bills. These innovations are key in supporting Egypt’s ambitious renewable targets, ensuring cleaner, more resilient power grids while boosting economic growth and environmental goals.
We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging Egypt renewable energy market trends.
Egypt Renewable Energy Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Hydro Power
- Wind Power
- Solar Power
- Bioenergy
- Others
End User Insights:
- Industrial
- Residential
- Commercial
Region Insights:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
Recent News and Developments in Egypt Renewable Energy Market
- June 2025: Egypt achieved a major milestone with the commercial operation of the Amunet Wind Power Plant in the Gulf of Suez, featuring 77 turbines and a total capacity of approximately 500 MW. This project, constructed by POWERCHINA, demonstrates advanced wind power technology and boosts Egypt’s renewable energy capacity significantly, supporting the country’s green transition and economic development.
- July 2025: ENGIE completed the full commissioning of the Red Sea Wind Energy wind farm in Ras Ghareb, expanding it to 650 MW capacity. This project supplies renewable energy to over one million households and reduces carbon emissions by about 1.3 million tons annually. The facility’s early completion highlights Egypt’s commitment to fast-tracking sustainable energy projects.
- August 2025: Egypt launched its first solar power plant with integrated battery storage in Sharm El-Sheikh, developed by Infinity Power and Masdar. The 3.8 MW solar plant, backed by 7.5 MWh battery capacity, is designed to cut the city’s carbon emissions by 4,000 tons annually, enhancing grid stability while supporting tourism and sustainability goals in the region.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
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