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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.

How AI is Reshaping the Future of Egypt Renewable Energy Market

• AI-powered analytics help UAE ice cream brands spot what flavors people want in real-time, leading to up to 30% faster launches of new, crowd-pleasing products.

• Government-driven smart retail programs enable AI-driven inventory tracking, which cuts wastage by about 20% and helps shops keep everyone’s favorites in stock.

• With AI, ice cream giants customize digital ads, driving online sales growth by nearly 18% as more customers discover special deals tailored to their tastes.

• Robotics and AI-led automation are speeding up ice cream production lines, boosting daily output by an average of 25% and improving workplace efficiency.

• AI chatbots and smart kiosks now assist over 40% of UAE ice cream buyers during ordering, making shopping smoother, quicker, and much more engaging.

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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.

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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.

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