How big is the Egypt solar photovoltaic (PV) market?

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 (2023-2028).

What is the Egypt PV project?

The Egypt PV project is implemented by the Industrial Modernization Center (IMC) in cooperation with the United Nations Development Program (UNDP) and funded by the Global Environment Facility (GEF). In January 2023, AMEA Power announced to start the construction of a 560 MW Abydos Solar Plant in Kom Ombo, Egypt.

Who are the key players in Egypt solar photovoltaic (PV) market?

The Egypt Solar Photovoltaic (PV) market is moderately fragmented. The key market players (not in particular order) include Egyptian Electricity Holding Company, KarmSolar, Infinity Solar, Cairo Solar, and Scatec ASA. Need More Details on Market Players and Competitors?

Will Egypt's FIT scheme boost its 2800 MW solar PV capacity?

Industry experts consider Egypt's FiT scheme to significantly boost Egypt's ambitious 2800 MW solar PV capacity target by 2027. Besides the supportive government policies for utility-size solar power projects, the government also initiated several initiatives for small-scale distributed solar PV.

Will Egypt's solar photovoltaic market grow in 2022?

The target is based on Egypt's Vision 2030 plan. Further, the country includes an untapped solar photovoltaic generation capacity of 74,000 TWh annually. Hence, such a scenario is expected to create an opportunity for the market to grow in the upcoming years. The Egypt solar photovoltaic includes an installed capacity of around 1.7 GW in 2022.

Does Egypt have a solar energy grid?

Egypt connected a large solar energy capacity to the grid over the past few years. Most of this capacity is from large-scale ground-mounted projects. However, several grid-connected small-scale solar system projects are also connected to the grid.