The Cleantech Market in Egypt is Led by Declining Price of Solar PV Modules and Government’s Commitment to Improve the Renewable Energy Proportion in its Total Energy Mix: Ken Research

Stability of Government, Improving Economic Conditions and Reduction in Electricity Subsidy will lead the Growth in Cleantech Energy Segment.

 

Egypt has setup an ambitious target to generate 20.0% of its energy from renewable energy sources such as wind, solar and others by the end of 2022. From 2011-2013 the development of cleantech energy was halted in Egypt due to political instability in the country. Energy output and consumption has continued to grow at remarkable rates for much of the country. Post recovery from political and economic turmoil in country, the cleantech energy segment received a boost with an addition of large wing farm to improve the contribution of renewable energy in the country. First phase of feed-in-tariff was launched with very attractive price slabs to attract foreign investors. Prices declined in the second phase due to low cost of installing solar and wind power plants (Fall in PV module and Wind turbine price). Per unit electricty cost was reduced by 42.6% for electricty generated through small scale solar plant and 41.4% for large scale solar power plant. Similar trends were observed in wind energy pricing where per unit rate was changed to smaller slab system with rates depending on hours of operation of wind turbine.

The country has shown erratic growth pattern which is expected to follow smooth trend in future as market penetration of cleantech energy segment improves. Rooftop solar has gained significant demand for both on grid and off grid connections. Growth in cleantech energy segment has led to growth in the EPC (engineering, procurement and construction) market for cleantech energy segment as most of the bigger capacity tenders are based on this method. Even private companies which install large rooftop solar power plants use the EPC services to execute and ease the process of integration.
Egypt has vast area of barren land which is uninhabited making it ideal for generating renewable energy. In August 2016, government plans to increase electricity prices have been finalized as part of its five-year campaign to restructure subsidies for the electricity sector to zero by 2018. Companies developing renewable energy sources in Egypt are getting attractive rates in comparison to global rates and are the key growth driver of cleantech energy in Egypt.
The report titled “Egypt CleanTech Energy Market by Technology (Solar PV, Solar CSP, Wind, Hydropower) and by EPC Market Outlook to 2021” by Ken Research suggested that market for cleantech energy will be driven by wind energy segment.  Global manufacturers including Siemens and Vestas will develop the majority of projects. Solar is expected to register very fast growth as many large projects are in pipeline.

Source: https://www.kenresearch.com/energy-and-utilities/clean-technology/egypt-cleantech-energy-market/142274-103.html

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
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Egypt CleanTech Energy Market by Technology (Solar PV, Solar CSP, Wind, Hydropower) and by EPC Market Outlook to 2021: Ken Research

Egypt CleanTech Energy Market by Technology (Solar PV, Solar CSP, Wind, Hydropower) and by EPC Market Outlook to 2021" provides a comprehensive analysis of Egypt cleantech energy market. The report focuses on overall market size for by installed capacity, segmentation on the basis of type of energy source (solar and wind), detailed analysis of solar and wind energy market is Egypt covering the market size by installed capacity, EPC market size, completed and future projects. The report also covers competitive landscape of major players, growth drivers, rules and regulations. The report further includes market projection for future and analyst recommendations highlighting the major opportunities and cautions.
Egypt Cleantech Energy Market 
Egypt is diversifying its energy mix to cut on its green house gas emissions. Egypt has long been producing hydel energy and other sources of clean energy such as solar, wind and waste to energy plants are gaining momentum. Egypt has setup an ambitious target to generate 20.0% of its energy from renewable energy sources such as wind, solar and others. New and Renewable Energy Authority was step up to promote the use of clean energy in Egypt. Wind Energy leads the generation of electricity from renewable energy with installed capacity of ~MW at the end of 2016. Solar energy is still in its infancy and government realizing its potential has plans to expand it in future. China, Germany, Japan and other developed countries have shown keen interest in developing the renewable energy segment in Egypt.
Egypt Solar Energy Market
In February 2008, the Supreme Council of Energy approved an ambitious plan to generate 2.0% of its electricity from solar energy. At the end of 2016, total installed capacity of solar photovoltaic form of panels was estimated at ~ MW. Solar CSP mirror contributed another ~MW. Minor contribution was made from rooftops especially from solar water heaters and off grid use of panels in remote village. The Egyptian Ministry of Electricity and Renewable Energy estimates that solar energy generated by rooftop plants will reach a total of ~MW.
EPC players in Egypt are mainly involved in developing commercial scale rooftops and small scale utility solar power plants generating revenue of estimated USD ~ million. Many companies have decided to withdraw from the first phase due to sudden change in regulations which may hamper the EPC market as well as total installed capacity in future.
Based on allocated and announced tenders, the total installed capacity by the end of 2019 is expected to reach ~ MW. Some large projects with total installed capacity of ~ MW are expected to start. Governments target to generate ~% of its power from solar energy is expected to push the demand for solar energy cumulative installed capacity to ~ MW by 2021.
Egypt Wind Energy Market
As part of renewable energy development, the Supreme Energy Council in Egypt adopted a resolution on an ambitious plan aiming at increasing the contribution of wind energy to ~%. In September 2014, the Cabinet approved the feed in tariff to encourage electricity generation. It was a PPA for 20 years for wind projects and was limited to ~ MW for first phase (2015-2017). Gamesa from Spain was the key player for wind energy component supply in the country. Total installed capacity at the end of 2016 was ~ MW.
The market for EPC was estimated at USD ~ million in 2016 which has increased by more than double compared to the revenue generated in 2015. Some key companies operating in the wind energy EPC market in Egypt include the Gamesa, Siemens, GE, Vestas and others. Key role is played by transporters, mechanical contractors, civil contractors, and others who are generally local players with better understanding of labor and skills.
Many new and upcoming projects as well as extension of existing projects are in pipeline which will create an opportunity for EPC contractors to venture into other auspects such as operations and maintenance. Many Chinese firms are expanding their operation base to gain market share. It creates opportunity for Egyptian government to sign a bilateral trade agreement with China to promote the development of wind energy in the country. Siemens and Vestas are expected to install ~ MW of wind energy farm which will create very large market for EPC contractors.
Companies Operating in Egypt Cleantech Energy Segment
Market for Egypt cleantech energy is dominated by international players which include Siemens, Vestas, Sterling and Wilson, Masdar, and Major Chinese companies. Domestic companies are generally engaged to develop the civil mechanical and other related infrastructure. These mainly include Elsewedy, Rowad, Egytrans and others. Market for small scale rooftop installation was also dominated by domestic players which execute the installation and construction work. Some key players operating in rooftop solar panel installation are Cairo solar, Sunprism and others.
Future Outlook
It is expected that renewable energy capacity of about ~ MW will be installed by 2022, including about ~ MW by NREA , ~ MW feed-in tariff (FIT) program, ~ MW third party access (IPP) and ~ MW under competitive bidding (BOO). New and Renewable Energy Authority (NREA) has allocated around USD ~ million from its budget for renewable energy projects for the fiscal year of FY’2017-2018. Small-scale renewable energy projects by companies, farms or individuals for their own consumption, which depend less on the government’s initiative, will create a big opportunity for Egypt.
Key Topics Covered in the Report

• Egypt Cleantech Energy Market Introduction, Market Size, and Market Segmentation.
• Egypt Solar Energy Market Size and Market Segmentation.
• Egypt Solar Rooftop Panel Scenario.
• Egypt Solar Energy EPC Market Size and Future Projection.
• Egypt Solar Energy Market Size Future Projection by Installed Capacity.
• List of Major Solar Energy Projects in Egypt.
• Egypt Wind Energy Market Size
• Egypt Wind Energy EPC Market Size and Future Outlook
• Future Outlook to Wind Energy market in Egypt
• List of Major Wind Energy Projects in Egypt
• Competitive landscape of major players in Egypt Cleantech Energy market
• Issues and challenges to Egypt Cleantech Energy Market
• Future Outlook to Egypt Cleantech Energy Market
• Analyst recommendation

Source: https://www.kenresearch.com/energy-and-utilities/clean-technology/egypt-cleantech-energy-market/142274-103.html
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com