Here is the Egypt PV market analysis of Xindun Power.
Egypt has been one of the fastest-growing African countries to install solar energy since 2017, and as of Q1 2020, the total renewable energy installed capacity was approximately 6 GW. The government has a vast array of renewable energy projects in the pipeline that are expected to make Egypt solar PV market overtake South Africa solar PV market and become the largest renewable energy solar PV market in Africa. The government of Egypt has been a critical enabler for the sector’s growth, and it is likely to play a similar role during the forecast period.
The Egypt government has formulated plans under its National Renewable Energy Strategy to increase the share of renewable energy in the national energy mix to 20% by 2022 and further double it to 42% by 2035. These ambitious targets are expected to be achieved with a set of policies and mechanisms such as the EPC scheme, Build-own-operate (BOO), and feed-in-tariffs (FiTs), which would promulgate the participation of private investors and attract foreign direct investment (FDI) in the Egypt PV market.
The Ministry of Electric and Renewable Energy has laid out several regulations for the diversification of the energy mix and prioritizes the implementation of renewable energy projects to generate electricity. The government has shifted from a competitive bidding process to an auction-based process for large-scale solar PV projects, which is expected to drive the Egypt solar PV market during the forecast period.
The Egyptian-German Joint Committee on Renewable Energy, Energy Efficiency and Environmental Protection (JCEE) has formed a joint committee that enables sustainable electricity production and consumption in Egypt by supporting measures in renewable energy and improving energy efficiency and climate change mitigation.
The Egyptian government's bold steps and visionary policies are expected to drive Egypt toward renewables, making it possible to achieve the renewable goal of 2035.So the Egypt PV market is developing rapidly, which is a good time for us to occupy the Egypt solar PV market.
After understanding the Egypt PV market analysis, let's take a look at the current situation of China's solar PV market analysis.
However, the solar PV market in China has become increasingly mature. China is now the largest and most advanced PV cell country in the world. As a green energy, the conversion efficiency of PV power generation has always been the key. Previously, the industry believed that the efficiency of 25% was the limit. In June 2020, Chinese companies had broken the record.
With the progress of China's PV power generation technology, the conversion rate of solar power system is getting higher, and the installed capacity of solar power generation in China is growing rapidly. By 2020, the installed capacity of solar power generation in China is 253.43 million kilowatts, an increase of 24.12% year on year.
And now China has a leading position in the global solar energy supply chain, accounting for at least 80% of the total manufacturing capacity of PV module production.
China Xindun power manufacturer has been developing in the solar PV market for more than 16 years. We have a mature supply chain and have designed and installed solar power systems for more than 30 countries around the world. The Egypt PV market is now in the development stage. If you want to enter the Egypt solar PV market,please feel free to contact us,Xindun Power can help you learn how to follow the development trend of Egypt PV market.
For more Egypt solar PV market analysis or global solar PV market analysis, please contact our solar energy experts for the latest industry information.
