Egypt Renewable EnergyCompanies (2024 - 2029)

Egypt Renewable Energy Market Companies Summary

The renewable energy market in Egypt has seen significant growth due to the investments from international corporations. These firms have played a substantial role in reducing the cost of renewables in the country, thereby contributing to a more competitive and developing market. The private sector is anticipated to deliver most of the capacity for solar photovoltaic and concentrated solar power over the forecast period. The opening of large-scale projects, such as a significant solar park, signifies a big step towards achieving the country's renewable energy goals. In addition, the government of Egypt has been a critical enabler for the sector’s growth, fostering a conducive environment for both local and foreign companies to invest in renewable energy projects. The government has laid out several regulations and policies to increase the share of renewable energy in the national energy mix. The shift from a competitive bidding process to an auction-based process for large-scale solar and wind projects is expected to drive the market during the forecast period. This move is anticipated to attract more private investors and foreign direct investment into the market, further boosting the growth of the renewable energy industry in Egypt.