Egypt’s new export-bound solar panel plant to begin operations this year:

State-owned Arab Organization for Industrialization (AOI) and Sweden’s Sunshine Pro will begin operations of their USD 200-300 mn joint solar panel manufacturing project next July, with all production slated to be shipped to Europe, AOI’s Arab Renewable Energy Company Executive Director Ghada El Gendy told Al Mal.

What else do we know? The new plant is planned to reach its 1 GW full operational capacity by July 2026. No details on the ownership division were specified.

AOI is looking for more: AOI is ready to establish more partnerships with foreign and Arab investors on similar solar panel production ventures, AOI head Mokhtar Abdel Latif told Al Mal.

This has been in the works: The two companies inked an agreement last month to build the plant — dubbed the Arab-Swedish Energy Factory (ASEF). The Egyptian government has reportedly been working on strategies to localize solar PV cell manufacturing as part of a push to localize the production of a total of 12 products.

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