Egypt Solar PV Market Report
This report will explore the current landscape of Egypt’s solar energy market, including qualitative and quantitative insights, market trends, relevant regulations and policies, and other key factors affecting the industry.
Buy this report version for 3,500 EUR today.
*Tip: For only 4,500 EUR, you can get this report followed by 2 extra updates (for the upcoming 6 months DATA).
About This Report
Egypt Solar Photovoltaic (PV) Market Trends
Egypt Solar Photovoltaic (PV) Market Forecasting
Egypt’s solar energy market is demonstrating steady growth, supported by long-term targets and national development strategies. Guided by Egypt Vision 2030, the country aims to generate xx% of its electricity from solar energy by 2040. Current projections anticipate solar capacity to reach xx GW by 2030, expanding to xx GW by 2035 and xx GW by 2040. This scale-up is driven by a series of large-scale solar projects that are either underway or in the pipeline, reinforcing Egypt’s commitment to sustainable power generation and energy diversification.
Egypt has made substantial progress in promoting solar energy through various strategic initiatives to diversify its energy mix and utilize its abundant solar resources. Under Egypt Vision 2030, the country aims to reduce its dependence on oil and increase renewable energy to xx% by 2030, with xx% specifically from solar PV. To meet these targets, Egypt’s Ministry of Electricity and Renewable Energy has steadily expanded renewable capacity, increasing from xx% in 2022 to xx% in 2023/2024. Additionally, Egypt is advancing projects under the NWFE program, which includes connecting four solar and battery storage projects to the grid by summer 2025, helping improve grid stability. The country is also positioning itself as a leader in green hydrogen, with plans to produce 5.8 million tons by 2040, capturing a significant share of the global market.
Egypt's Solar PV Market Trends:
Egypt’s solar PV sector is witnessing steady progress, supported by regulatory reforms and national targets. Key trends include:
- NWFE Program Advancements: Under the NWFE initiative, Egypt is developing four solar and battery storage projects, planned to be connected to the grid by summer 2025 to support grid stability.
- Renewable Energy Goals: The country targets xx% renewable energy by 2030, with solar PV expected to contribute xx% of the mix.
- Policy and Regulatory Developments:
- Removal of limitations on system capacity under the net-metering framework.
- Increased capacity cap for large-scale net-metering projects from xxx MW to xxx MW.
- Removal of limitations on system capacity under the net-metering framework.
Egypt’s solar energy sector faces several key challenges. One major issue is the capacity of the electricity grid, which struggles to accommodate the increasing renewable energy load, leading to grid instability. The complex regulatory environment, including new integration fees for larger solar plants, creates uncertainty and could deter investment. Financial and investment constraints also limit the growth of smaller solar projects, as developers struggle to access affordable financing.
Table Of Contents
- Research Design
- Objectives
- Information Resources
- Methodology
- Introduction
- Solar PV Initiatives and Programs
- Government Regulations and Policies
- Electricity Tariff
- Solar PV Installed Capacity
- Major Upcoming Solar PV Projects
- Solar PV Market Forecasting
Scope Of The Report
Egypt Solar PV Market is segmented by deployment type. Market sizing and forecasts are based on installed capacity (MW).
Deployment
- On-Grid
Frequently Asked Questions
As of 2024, Egypt’s total installed solar capacity is estimated at xxx MW.
Egypt’s Vision 2030 aims to diversify the energy mix, targeting xx% renewable energy by 2030, including xx% from solar PV.
Egypt’s solar energy sector faces key challenges, including grid capacity limitations, which cause instability as renewable energy increases. Complex regulations and new integration fees create uncertainty and may deter investment.
Energy storage has strong potential in Egypt as solar capacity expands. Initiatives like NWFE already include battery storage to enhance grid stability and support renewable integration.
