By: Energetica India

In a significant push towards cleaner energy, Egypt is expected to boost its renewable power capacity to 31.6 GW by 2035, according to a new report by data analytics firm GlobalData.

This marks a compound annual growth rate (CAGR) of 20.4 percenr between 2024 and 2035, as the country intensifies its efforts to transition toward a greener electricity mix.

Egypt aims to increase the share of renewables in its power generation to 42 percent by 2035, largely through large-scale solar and wind projects.

The GlobalData report, titled Egypt Power Market Outlook to 2035, Update 2025, also forecasts a CAGR of 19.4 percent in annual renewable electricity generation during the same period, reaching an estimated 88.9 TWh by 2035.

The North African nation is well-positioned to harness clean energy due to its favorable climatic conditions. The Gulf of Suez, in particular, holds substantial wind energy potential, with wind speeds ranging from 8 to 10 meters per second at a height of 100 meters. Additionally, Egypt benefits from extensive solar exposure, enjoying between 2,800 and 3,200 hours of sunshine annually.

Attaurrahman Ojindaram Saibasan, Power Analyst at GlobalData, noted that Egypt’s rising electricity demand, driven by rapid population growth, presents strong investment opportunities for companies in power generation. “Electricity consumption is increasing across all sectors, including residential, industrial, and commercial,” he said. “This rising demand is creating the need for new generation capacity and grid modernisation," he added.

With a population exceeding 107.8 million as of 2024 and rapid urbanization underway, fueled by projects like the New Administrative Capital. Egypt is ramping up infrastructure to support growing energy needs. By adopting renewable energy, the country aims to enhance its energy security, continue gas exports to preserve foreign exchange reserves, and cut down greenhouse gas emissions.

Saibasan emphasised that Egypt's focus on renewables is not just about sustainability, but also economic strategy. As energy demand grows, renewables are seen as key to meeting this challenge while building a resilient, future-ready power system.