Egypt a top African solar market in 2025
The solar energy sector is experiencing rapid transformation in emerging and developing economies, becoming a major source of new power capacity added as part of efforts to cut costs and increase competitiveness against traditional energy sources. Global expansion in solar power is led by China, which has become the largest market worldwide, accounting for over 10% of electricity generation, with expectations to exceed 20% by 2030. During 2026-2030, China’s additions are projected to surpass the combined global capacity increases. India emerges as the second-largest Asian market, driven by rising demand for electricity and manufacturing. Africa is also witnessing a surge in installed capacity, which grew from 3 gigawatts in 2016 to 22.2 gigawatts in 2025, with further growth anticipated. Key drivers include declining costs, improved electricity access, and opportunities for local manufacturing that have created hundreds of thousands of jobs. There is a global trend toward harnessing solar energy not only for environmental goals but also to bolster economic policies and energy security.
Notice: This Is an AI-Generated Summary
Comments (0)