Please Wait.....
Report
Egypt Solar Photovoltaic (PV) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-01-16 I 90 Pages I Mordor Intelligence
Egypt Solar Photovoltaic (PV) Market Analysis
The Egypt Solar Photovoltaic (PV) market is expected to grow from 3.57 gigawatt (GW) in 2025 to 4.23 gigawatt (GW) in 2026 and is forecast to reach 9.94 gigawatt (GW) by 2031 at 18.6% CAGR over 2026-2031.
The trajectory positions the Egyptian solar PV market as the continent's most dynamic solar arena, propelled by the government's pledge to lift renewable electricity to 42% by 2035. Rising retail tariffs, which jumped as much as 50% in 2024, strengthen the commercial case for behind-the-meter systems and encourage factories, farms, and households to hedge against grid costs. Rapid growth in local manufacturing, highlighted by an 8 GW solar-cell plant and multiple 4 GW module lines, reduces import exposure while anchoring domestic value chains. Currency pressures that inflate imported equipment prices further stimulate these home-grown factories, creating a natural tariff wall favoring Egyptian producers. Concurrently, concessional finance from multilateral lenders, sovereign guarantees for power-purchase agreements, and the emergence of solar-plus-storage hybrids accelerate project bankability and grid stability.
Egypt Solar Photovoltaic (PV) Market Trends and Insights
Declining PV Module Prices
Average global module costs fell 12% in 2024, cutting levelized costs to USD 0.044/kWh and nudging every customer segment in Egypt toward grid parity. Currency depreciation magnifies this effect for domestic makers, whose Egyptian-pound-denominated costs contrast sharply with pricier imports. Upstream integration, such as the USD 172 million silicon complex in New Alamein, locks in raw-material security and insulates developers from foreign-exchange risk. Incentives of 5% VAT and 2% customs duty on renewable equipment, combined with the IEA-reported sales-tax exemptions, sharpen cost competitiveness. Broader affordability unlocks smaller-scale projects, opening the Egyptian solar PV market to factories, warehouses, and high-end residential estates.
Government-Backed 42%-by-2035 Renewables Target
The National Climate Change Strategy elevates renewables to 42% of generation by 2035, pegging solar at roughly 25% of that mix. The leap from today's 11% share calls for more than 15 GW of fresh solar capacity. Long-dated, sovereign-guaranteed PPAs de-risk revenue, while competitive auctions have pushed tariffs below USD 0.03/kWh. Consistency across cabinet reshuffles confirms policy stickiness, sustaining international developer confidence and funneling concessionary capital into the Egyptian solar PV market.
Rising Competitiveness of On-Shore Wind in Gulf of Suez
Capacity factors topping 45% make Red Sea wind increasingly attractive, especially in technology-neutral auctions that reward the lowest-cost kilowatt-hours. ACWA Power's recently financed 1.1 GW Suez wind farm highlights the tariff pressure facing solar bids in the same corridor. Lower water needs further tilt economics, though solar keeps the edge in inland deserts and hybrid layouts.
Other drivers and restraints analyzed in the detailed report include:
Surge in Utility-Scale ProjectsGrowing Foreign Direct Investment & Green-Finance InflowsCurrency-Driven Import-Cost Volatility for Modules & Inverters
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
On-grid assets captured 97.12% of Egypt's solar photovoltaic market share in 2025, anchored by gigawatt parks like Benban. Off-grid capacity, though only 2.88% of Egypt's solar photovoltaic market size, is forecast to log a 26.05% CAGR to 2031 thanks to telecom diesel displacement and rural electrification mandates. Solar-battery hybrids at mobile towers already cut fuel costs and boost uptime. Government programs backed by multilateral loans plan USD 500 million for mini-grids through 2028. Lithium-ion prices dipped to USD 115/kWh in 2024, making standalone systems viable where grid extensions exceed USD 10,000/km.
On-grid maturity is driving a pivot toward solar-plus-storage configurations that supply ancillary services. Scatec's 1 GW pairing with 100 MW/200 MWh storage shows the model's traction, and Masdar's 5 GW floating concept on Lake Nasser would open new water-based acreage. While off-grid roll-outs face financing gaps for households, streamlined net-metering rules adopted in 2024 encourage larger commercial feeders to export surplus, blending on- and off-grid attributes within distributed frameworks.
The Egypt Solar Photovoltaic (PV) Market Report is Segmented by Grid Type (On-Grid and Off-Grid), and End-User (Utility-Scale, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).
List of Companies Covered in this Report:
Egyptian Electricity Holding Company (EEHC) Infinity Power KarmSolar Scatec ASA ACWA Power Masdar Clean Energy JinkoSolar Holding Co. Ltd Canadian Solar Inc. Abengoa SA EDF Renouvelables ELSEWEDY Electric Voltalia SA AMEA Power Talesun Solar Elite Solar TBEA Sunoasis First Solar Trina Solar LONGi Green Energy Cairo Solar Benban Solar Developers Consortium
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Declining PV module prices
4.2.2 Government-backed 42 %-by-2035 renewables target
4.2.3 Surge in utility-scale projects (e.g., Benban, Kom Ombo)
4.2.4 Growing foreign direct investment & green finance inflows
4.2.5 Emergence of local PV manufacturing capacity (5-8 GW plants)
4.2.6 Agri-PV pilots in Nile Delta to cut irrigation energy costs
4.3 Market Restraints
4.3.1 Rising competitiveness of on-shore wind in Gulf of Suez
4.3.2 Currency-driven import cost volatility for modules & inverters
4.3.3 Limited transmission corridor availability in Upper Egypt
4.3.4 High water demand for panel cleaning amid chronic scarcity
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porters Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Suppliers
4.7.3 Bargaining Power of Buyers
4.7.4 Threat of Substitutes
4.7.5 Competitive Rivalry
4.8 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 By Grid Type
5.1.1 On-Grid
5.1.2 Off-Grid
5.2 By End-User
5.2.1 Utility-scale
5.2.2 Commercial and Industrial (C&I)
5.2.3 Residential
5.3 By Component (Qualitative Analysis)
5.3.1 Solar Modules/Panels
5.3.2 Inverters (String, Central, Micro)
5.3.3 Mounting and Tracking Systems
5.3.4 Balance-of-System and Electricals
5.3.5 Energy Storage and Hybrid Integration
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Egyptian Electricity Holding Company (EEHC)
6.4.2 Infinity Power
6.4.3 KarmSolar
6.4.4 Scatec ASA
6.4.5 ACWA Power
6.4.6 Masdar Clean Energy
6.4.7 JinkoSolar Holding Co. Ltd
6.4.8 Canadian Solar Inc.
6.4.9 Abengoa SA
6.4.10 EDF Renouvelables
6.4.11 ELSEWEDY Electric
6.4.12 Voltalia SA
6.4.13 AMEA Power
6.4.14 Talesun Solar
6.4.15 Elite Solar
6.4.16 TBEA Sunoasis
6.4.17 First Solar
6.4.18 Trina Solar
6.4.19 LONGi Green Energy
6.4.20 Cairo Solar
6.4.21 Benban Solar Developers Consortium
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security