{"id":106966,"date":"2025-08-28T00:00:00","date_gmt":"2025-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/global-south-utilities-to-set-up-usd-220-mn-solar-component-complex-in-egypt-alongside-partners\/"},"modified":"2025-08-28T00:00:00","modified_gmt":"2025-08-28T00:00:00","slug":"global-south-utilities-to-set-up-usd-220-mn-solar-component-complex-in-egypt-alongside-partners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/28\/global-south-utilities-to-set-up-usd-220-mn-solar-component-complex-in-egypt-alongside-partners\/","title":{"rendered":"Global South Utilities to set up USD 220 mn solar component complex in Egypt alongside partners"},"content":{"rendered":"

E<\/strong>mirati resources investment firm <\/strong>Global South Utilities<\/a><\/strong> is among several players<\/strong> developing<\/strong> a USD 220 mn industrial complex for solar energy components<\/strong> in Egypt\u2019s China-Egypt Teda industrial zone, after they inked the land usufruct agreement yesterday, according to a statement<\/a>. The zone is located in the Suez Canal Economic Zone. <\/p>\n

The details: <\/strong>The industrial complex \u2014 dubbed Atom Solar Egypt \u2014 will include three factories with a combined production capacity of 2 GW of solar cells, all of which will be exported; 2 GW of solar modules, which will feed the domestic and regional markets; and a 1 GWh energy storage systems plant. The project will be completed within three years and will create 841 jobs.<\/span><\/p>\n

Who\u2019s doing what?<\/strong> Chinese manufacturer of solar components JA Solar<\/a> will act as technical investor, while Bahraini PE firm Infinity Capital<\/a> and Egyptian AH Group\u2019s roles were not disclosed.<\/p>\n

We had an idea this was coming: <\/strong>GSU inked an MoU with JA Solar in November<\/a> to establish two solar power factories \u2014 a solar cells plant and a solar panels plant. The complex comes as part of Egypt\u2019s broader strategy<\/a> to localize 12 strategic industrial components, which includes solar cells, alongside electric motors, control panels, elevators and others. The strategy aims to not only reduce the country\u2019s import bill \u2014 and the resulting strain on FX resources \u2014 but to also export these components.<\/p>\n

The story got ink from the foreign press: <\/strong>Reuters<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project will be completed in three years<\/p>\n","protected":false},"author":1,"featured_media":106967,"comment_status":"","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":[1545],"tags":[595,284,7,64,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-bahrain","tag-china","tag-enterpriseam-uae","tag-manufacturing","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"108ee0e5-8ad4-465d-a06d-67fed9585cf2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1691.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Global South Utilities to set up USD 220 mn solar component complex in Egypt alongside partners","related_issue":[106956],"teaser":"The project will be completed in three years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.1c09500d-7491-4849-85be-ef9231cbe36e.mp3"},"yoast_head":"\nGlobal South Utilities to set up USD 220 mn solar component complex in Egypt alongside partners - 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