{"id":86699,"date":"2024-09-12T00:00:00","date_gmt":"2024-09-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/chinas-elite-solar-to-build-8-gw-solar-cell-manufacturing-hub-in-egypts-sczone\/"},"modified":"2024-09-12T00:00:00","modified_gmt":"2024-09-12T00:00:00","slug":"chinas-elite-solar-to-build-8-gw-solar-cell-manufacturing-hub-in-egypts-sczone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/chinas-elite-solar-to-build-8-gw-solar-cell-manufacturing-hub-in-egypts-sczone\/","title":{"rendered":"China\u2019s Elite Solar to build 8 GW solar cell manufacturing hub in Egypt\u2019s SCZone"},"content":{"rendered":"

We have more details on Elite Solar\u2019s solar panel factory in Egypt: <\/strong>China\u2019s solar panel manufacturer Elite Solar<\/a> will build an 8 GW solar cell manufacturing hub in Egypt with total investments estimated at USD 150 mn, according to a statement<\/a> released this week. The agreement was signed<\/a> during the three-day Forum on China-Africa Cooperation last week.<\/p>\n

About the first phase: <\/strong>The two-phase project, which will span 78k sqm, will be located in the Suez Canal Economic Zone (SCZone). The project\u2019s first phase will include setting up a solar cell production line with a capacity of 2 GW with production scheduled to be completed by September 2025, according to the statement. Once fully operational, the facility is expected to generate annual revenue of over USD 190 mn.<\/p>\n

What they said:<\/strong> \"This venture will position Egypt as a central hub for photovoltaic manufacturing in the Middle East and North Africa,\" Elite Solar Chairman Derek Liu said. \"With a planned total production capacity of 8 GW, we are introducing solar technology to revolutionize local supply chains and manufacturing standards,\u201d Liu added.<\/p>\n

About Elite Solar:<\/strong> Established in 2005, the Singapore HQ-ed company is a global provider of photovoltaic modules and intelligent energy solutions with over 10 GW of solar modules delivered globally, according to its website<\/a>. The company has manufacturing facilities in Indonesia and Vietnam and works with utility, commercial, and industrial clients.<\/p>\n

More solar solar panel manufacturers are tapping on the region\u2019s potential: <\/strong>KSA\u2019s Public Investment Fund signed a JV agreement<\/a> in July with China\u2019s solar module manufacturer JinkoSolar and Vision Industries for the manufacturing of 10 GW of photovoltaic cells and modules. The planned USD 1 bn solar cell facility is set to go live<\/a> in 2026. Lumetech \u2014 a subsidiary of China\u2019s TCL Zhonghuan Renewable Energy \u2014 also recently signed a JV agreement for the production of solar PV ingots and wafers in Saudi Arabia with annual capacity to generate 20 GW of power. <\/p>\n

And more:<\/strong> Chinese solar panel manufacturer Hainan Drinda New Energy Technology signed a provisional agreement in June<\/a> with Oman Investment Authority (OIA) to establish a USD 700 mn high-efficiency photovoltaic cell facility in the sultanate. The proposed plant \u2014 the first PV-cell project for Oman \u2014 will have an annual production capacity of 10 GW solar cells, to be rolled out in two 5 GW phases.<\/p>\n","protected":false},"excerpt":{"rendered":"

Once fully operational, the facility is expected to generate annual revenue of over USD 190 mn<\/p>\n","protected":false},"author":1,"featured_media":86700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[40,11,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-egypt","tag-enterpriseclimate","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"41feaa86-7c7c-472b-8360-7dd2485b5e1e","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/996.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Elite Solar to build 8 GW solar cell manufacturing hub in Egypt\u2019s SCZone","related_issue":[86691],"teaser":"Once fully operational, the facility is expected to generate annual revenue of over USD 190 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.57b94fec-acec-4c30-bbf2-287212c02e6d.mp3"},"yoast_head":"\nChina\u2019s Elite Solar to build 8 GW solar cell manufacturing hub in Egypt\u2019s SCZone - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/chinas-elite-solar-to-build-8-gw-solar-cell-manufacturing-hub-in-egypts-sczone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Elite Solar to build 8 GW solar cell manufacturing hub in Egypt\u2019s SCZone\" \/>\n<meta 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