North Africa Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Renewable Energy Companies in North Africa and the market is segmented by Source (Solar, Wind, and Others) and Geography (Morocco, Algeria, Egypt, and the Rest of North Africa). The market size and forecasts for the renewable energy market are provided in terms of Installed Capacity (in GW) for all the above segments.

North Africa Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North Africa Renewable Energy Market Size

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North Africa Renewable Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 6.00 %
Market Concentration Low

Major Players

North Africa Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North Africa Renewable Energy Market Analysis

The North Africa Renewable Energy Market is expected to register a CAGR of greater than 6% during the forecast period.

  • Over the long term, factors such as supportive government policies and efforts to meet power demand using renewables and decrease dependency on fossils are the long-term drivers of the market's growth. Moreover, the availability of the immense potential of solar energy and ample area for project installation provides favourable conditions for the growth of renewable energy.
  • On the other hand, lack of acceptance in countries like Libya and Tunisia and high installation costs for renewable energy projects are a few restraining factors for the market's growth.
  • Nevertheless, The proposed large-scale projects in solar and wind segments by the government and a roadmap for scaling up the renewable energy installed capacity in many North African countries are opportunities that will drive the renewable energy market.

North Africa Renewable Energy Industry Overview

The North Africa Renewable Energy Market is fragmented. Some of the major companies (not in a particular order) include Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Scatec Solar ASA, SkyPower Ltd, and ACWA Power Barka SAOG, among others.

North Africa Renewable Energy Market Leaders

  1. Vestas Wind Systems A/S

  2. Scatec Solar ASA

  3. SkyPower Ltd

  4. Siemens Gamesa Renewable Energy SA

  5. ACWA Power Barka SAOG

  6. *Disclaimer: Major Players sorted in no particular order
North Africa Renewable Energy Market Concentration
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North Africa Renewable Energy Market News

  • December 2022: a British company, Xlinks, has announced the installation of a 10.5 GWh solar power plant. Similarly, TuNur, a renewable energy developer, announced its plans to generate 4.5 GWh of electricity from a solar power plant in Tunisia and export it to export to Italy, France, and Malta with an aim to reduce European CO emissions.
  • November 2022: Egypt signed agreements to construct two wind and solar projects with a combined cost of over USD 1 billion. Both projects are backed by International Finance Corporation (IFC). It will help Egypt to boost the country's clean power development at a rapid rate.

North Africa Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in MW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Others
  • 5.2 Geogrpahy
    • 5.2.1 Morocco
    • 5.2.2 Egypt
    • 5.2.3 Algeria
    • 5.2.4 Rest of North Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JinkoSolar Holding Co. Ltd
    • 6.3.2 Canadian Solar Inc.
    • 6.3.3 Juwi Solar Inc.
    • 6.3.4 Vestas Wind Systems A/S
    • 6.3.5 Siemens Gamesa Renewable Energy SA
    • 6.3.6 First Solar Inc
    • 6.3.7 Scatec Solar ASA
    • 6.3.8 SkyPower Ltd
    • 6.3.9 ACWA Power Barka SAOG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North Africa Renewable Energy Industry Segmentation

Renewable energy is a form of energy obtained from a source that can be replenished over time and leaves a negligible carbon footprint on the environment upon utilization. Renewable energy sources include solar, wind, geothermal, biomass, water, and tides. Renewable energy is often termed an alternative energy source as it is an alternative to fossil fuels.

The North Africa Renewable Energy Market is segmented by source and geography. By source, the market is segmented into solar, wind, and others. The report also covers the market size and forecasts for the renewable energy market across major countries in the region. The market size and forecasts for each segment have been done regarding installed capacity (GW).

Source Solar
Wind
Others
Geogrpahy Morocco
Egypt
Algeria
Rest of North Africa
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North Africa Renewable Energy Market Research FAQs

What is the current North Africa Renewable Energy Market size?

The North Africa Renewable Energy Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in North Africa Renewable Energy Market?

Vestas Wind Systems A/S, Scatec Solar ASA, SkyPower Ltd, Siemens Gamesa Renewable Energy SA and ACWA Power Barka SAOG are the major companies operating in the North Africa Renewable Energy Market.

What years does this North Africa Renewable Energy Market cover?

The report covers the North Africa Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the North Africa Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North Africa Renewable Energy Industry Report

Statistics for the 2025 North Africa Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North Africa Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.