{"id":659145,"date":"2025-01-22T00:00:00","date_gmt":"2025-01-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/22\/aois-usd-300-mn-solar-panel-factory-to-launch-operations-in-july\/"},"modified":"2025-01-22T00:00:00","modified_gmt":"2025-01-22T00:00:00","slug":"aois-usd-300-mn-solar-panel-factory-to-launch-operations-in-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/22\/aois-usd-300-mn-solar-panel-factory-to-launch-operations-in-july\/","title":{"rendered":"AOI\u2019s USD 300 mn solar panel factory to launch operations in July"},"content":{"rendered":"

It\u2019s not just the private sector with sizable solar panel factories in the pipeline.<\/strong> State-owned Arab Organization for Industrialization\u2019s (AOI) joint solar panel manufacturing project with Sweden\u2019s Sunshine Pro<\/a> is set to be operational in July of this year and have a production capacity of 1 GW of panels by July 2026, AOI\u2019s Arab Renewable Energy Company Executive Director Ghada El Gendy told Al Mal<\/a>. The ownership division was not specified.<\/p>\n

Remember: <\/strong>The two companies inked an agreement last month<\/a> to build the plant \u2014 dubbed the Arab-Swedish Energy Factory (ASEF).<\/p>\n

The project is expected to cost somewhere between USD 200-300 mn<\/strong>, El Gendy told the outlet. How the two companies will be sharing the financing or what other parties have been tapped to chip in is yet to emerge.<\/p>\n

Every single solar panel produced by the factory will be shipped off to Europe<\/strong>, as the project is dedicating the entirety of its production to export. Exporting production will also ensure that the factory has the needed hard currency to import the raw input materials needed.<\/p>\n

Localizing the production of solar power components is a top priority for the government<\/strong>, with the government naming solar cells in October as among 12 products<\/a> that it wants to begin manufacturing locally. Naming solar cells early on in its target of localizing 152 industries by 2030 is not insignificant.<\/p>\n

The first of many? <\/strong>AOI is ready to establish more partnerships with both foreign and Arab investors on solar panel production, AOI head Mokhtar Abdel Latif told Al Mal \u2014 highlighting it as a promising industry for Egypt. <\/p>\n","protected":false},"excerpt":{"rendered":"

The factory will have an estimated investment cost of USD 200-300 mn<\/p>\n","protected":false},"author":1,"featured_media":659146,"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":[7255],"tags":[1291,72,131,151,7234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-arab-organization-for-industrialization","tag-enterpriseam","tag-manufacturing","tag-renewables","tag-solar-power","wpautop","entry"],"acf":{"mongo_id":"f1f9d07c-5402-42ed-8abe-88cc6c8995ff","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1530.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arab Organization for Industrialization\u2019s USD 300 mn solar panel factory to launch operations in July","related_issue":[659140],"teaser":"The factory will have an estimated investment cost of USD 200-300 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.c9d0d9fb-fbe7-49e0-aa98-4b7b589feafb.mp3"},"yoast_head":"\nAOI\u2019s USD 300 mn solar panel factory to launch operations in July - 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With all eyes fixed on the new Trump administration, we have all the latest on the domestic and int\u2019l fronts.THE BIG STORY TODAY #1- More details on AOI\u2019s upcoming solar panel factory: State-owned Arab Organization for Industrialization\u2019s (AOI) joint solar panel manufacturing project with\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1456.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659563,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/29\/arab-organization-for-industrialization-to-set-up-another-usd-100-mn-solar-panel-factory\/","url_meta":{"origin":659145,"position":1},"title":"Arab Organization for Industrialization to set up another USD 100 mn solar panel factory","author":"enterpriseam admin","date":"29 January 2025","format":false,"excerpt":"The factory will have a production capacity of 300 MW, most of which will go to Gulf markets","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1456.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657719,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/25\/aoi-to-set-up-solar-panel-manufacturing-project-with-swedish-sunshine-pro\/","url_meta":{"origin":659145,"position":2},"title":"AOI to set up solar panel manufacturing project with Swedish Sunshine Pro","author":"enterpriseam admin","date":"25 December 2024","format":false,"excerpt":"Localizing the manufacture of PV cells is on the Madbouly government\u2019s agenda","rel":"","context":"In 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"Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548993,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/30\/china-could-be-making-an-entry-into-egypts-solar-industry-yet-more-logistics-zones\/","url_meta":{"origin":659145,"position":4},"title":"China could be making an entry into Egypt\u2019s solar industry + yet more logistics zones","author":"enterpriseam admin","date":"30 August 2022","format":false,"excerpt":"Chinese firms could be looking to build a massive solar panel parts factory + two more logistics zones in the works: There\u2019s talk of Chinese players coming on board to build a major industrial complex for manufacturing solar-panel components while a senior official at the Internal Trade Development Authority (ITDA)\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/434.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662582,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/chinas-sbh-kibing-solar-new-energy-wants-to-set-up-a-usd-700-mn-solar-panel-glass-factory-in-sczone\/","url_meta":{"origin":659145,"position":5},"title":"China's SBH Kibing Solar New Energy wants to set up a USD 700 mn solar panel glass factory in SCZone","author":"enterpriseam admin","date":"19 March 2025","format":false,"excerpt":"The majority of output will be exported","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment 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