Egypt's renewable energy capacity is expected to reach 31.6 GW by 2035

Against this backdrop, renewable energy capacity in the country is expected to reach 31.6 GW by 2035, registering a compound annual growth rate (CAGR) of 20.4% during 2024-35, according to GlobalData, a leading data and analytics company.

GlobalData's recent report, "Egyptian Electricity Market Outlook to 2035, 2025 Update – Market Trends, Regulations and Competitive Landscape," shows that annual electricity generation from renewable energy sources in Egypt is expected to increase by 19.4% to 88.9 TWh during the period 2024–35.

Egypt offers favorable conditions for the use of solar and wind energy and sees renewable energy as a key factor for its economic growth. The country has considerable wind energy potential, particularly in the Gulf of Suez, where wind speeds at a height of 100 meters remain stable at an average of 8–10 meters per second. In addition, Egypt benefits from 2,800 to 3,200 hours of sunshine per year, with daily sunshine duration varying from north to south between 9 and 11 hours.

Attaurrahman Ojindaram Saibasan, energy analyst at GlobalData, commented: "Egypt's greatest opportunity lies in the exponential growth of electricity consumption, which directly correlates with the growing population. This trend presents a significant investment opportunity for companies specializing in power generation assets."