Top 10 solar industry in Egypt
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The solar industry in Egypt has been growing in recent years, with the government aiming to increase the share of renewable energy to around 30% by 2050 to curb rising carbon emissions. Egypt has a solar energy potential of 74 billion MWh per year, according to the Global Solar Atlas.
The Egyptian solar energy market is segmented by technology and deployment. By technology, the market is segmented into solar photovoltaic (PV) and concentrated solar photovoltaic (CSP). By deployment, the market is segmented into on-grid and off-grid. The Egypt Solar Photovoltaic (PV) Market size is expected to grow from 2,300 MW in 2023 to 3,546.96 MW by 2028, registering a CAGR of 9.05% during the forecast period.
The Egyptian government's support in the form of advantageous incentives and policies has been one of the main factors contributing to the rapid growth of the Egyptian solar market. A constant updating of market policies according to the market environment and supportive government policies and incentives for both small-scale and utility-scale solar project owners, such as the Egypt-PV program, are expected to drive the market
In summary, Egypt has a high potential for solar energy, and the government has been taking steps to increase the share of renewable energy in the national energy mix. The solar industry in Egypt is expected to grow in the coming years, with on-grid technology dominating the market.
The Egyptian solar energy market is segmented by technology and deployment. By technology, the market is segmented into solar photovoltaic (PV) and concentrated solar photovoltaic (CSP). By deployment, the market is segmented into on-grid and off-grid. The Egypt Solar Photovoltaic (PV) Market size is expected to grow from 2,300 MW in 2023 to 3,546.96 MW by 2028, registering a CAGR of 9.05% during the forecast period.
The Egyptian government's support in the form of advantageous incentives and policies has been one of the main factors contributing to the rapid growth of the Egyptian solar market. A constant updating of market policies according to the market environment and supportive government policies and incentives for both small-scale and utility-scale solar project owners, such as the Egypt-PV program, are expected to drive the market
In summary, Egypt has a high potential for solar energy, and the government has been taking steps to increase the share of renewable energy in the national energy mix. The solar industry in Egypt is expected to grow in the coming years, with on-grid technology dominating the market.
| Company | Founded | Company description |
|---|---|---|
| 1997 | Consukorra, later known as KORRA is specialized in energy, agriculture and trading. | |
| 2014 | Infinity is a project developer and a turnkey solution provider, we cover the entire project development (EPC, facility O&M, & asset management). | |
| 2011 | KarmSolar is specialized in off grid solar applications. | |
| 2016 | An Egyptian company specialized in solar and renewable energy solutions, including residential installations, solar pumps and street lights. | |
| 2013 | They designs, installs, and commissions PV (Photovoltaic) solar power plants. | |
| 2011 | IRSC is a leading company specialized in building integrated renewable energy systems & sustainable economic and environmental development since 2011. | |
| 2012 | COMPLETE Energy Solutions is focusing on providing green energy services in the Middle East & introduces new environmental green energy technologies. | |
| 2002 | Utilization of photovoltaic as an alternative energy source. | |
| 2015 | Established in 2015, we have been dedicated to revolutionizing solar energy utilization, with a primary focus on cutting-edge solar pumping systems. | |
| 2014 | Top ranked of Egypt Solar Energy Projects. We provide high quality solar systems. |
Disclaimer
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.