Egypt aims to increase the share of renewable energies in total production from 20% in 2022 to 42% in 2035 as part of its integrated strategy for sustainable energy (ISES).
Renewable energy capacity in Egypt will increase from 3.51 GW in 2020 to 13.7 GW in 2030, with a compound annual growth rate of 14.6%, according to a new report from GlobalData. This progress will be driven by photovoltaic solar energy and wind power, which will dominate the renewable energy market in this decade.
Entitled “Egypt Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape”, the report assesses the Egyptian electricity market and estimates its growth by 2030. According to GlobalData, cumulative solar photovoltaic capacity is expected to increase from 2.02 GW in 2020 to 7.71 GW in 2030. Over the same period, cumulative onshore wind capacity is expected to increase from 1.39 GW to 5.64 GW.
Egypt has great potential for wind power, especially in the Gulf of Suez region, with a stable wind speed of around 8-10 m / s. The regions east and west of the Nile, in the governorates of Beni Suef and the oasis of El Kharga, also have wind speeds of between 5 m / s and 8 m / s, which are suitable to the production of electricity. Regarding solar energy, Egypt has great potential with an average sunshine of 2,800 to 3,200 hours per year and solar irradiation of 1970 to 3,200 kWh / m2 per year.
Thanks to feed-in tariffs (FiT), the Sun Initiative program and the rural electrification program, the country could accelerate the development of renewable energies. It had set a target to develop an additional 10 GW of solar and wind projects by 2022. The country notably plans to work with Saudi Arabia and the United Arab Emirates to improve its electricity sector.