AOI has another solar panel factory up its sleeve: Arab Organization for Industrialization (AOI) is reportedly looking to set up another solar panel manufacturing facility — a USD 100 mn factory in partnership with Omani investors, AlMal reports, citing unnamed government sources.

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What we know: The factory will have a production capacity of 300 MW, most of which will go to Gulf markets with a smaller percentage feeding the local market, according to the sources.

AOI has another solar panel manufacturing project brewing: The state-backed organization inked an agreement with Sweden’s Sunshine Pro last month to build a joint solar panel manufacturing project, with investments of USD 200-300 mn. The project will have a production capacity of 1 GW of panels when fully operational, all of which will be exported to European markets. The facility will kick off operations in July.

Remember: AOI head Mokhtar Abdel Latif told Al Mal last week that AOI is ready to establish more partnerships with both foreign and Arab investors on solar panel production.

Localizing solar panels? Localizing the manufacture of PV cells is on the Madboulygovernment’s agenda — it is one of 12 products the government wants to begin manufacturing locally. We dove into why Egypt should double down on manufacturing solar panels in a Going Green published last year.

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