Egypt has broken ground for an Atum Solar integrated manufacturing complex worth EGP 10.5 billion ($210 million) in Sokhna in Egypt’s Suez Canal Economic Zone (SCZONE).
The 200 m2 facility will consist of three facilities and targets an annual production capacity of 2 GW of solar cells and 2 GW of solar panels.
100% of solar cell production will be for export, while the 2 GW of solar panels and 1 GWh of energy storage system capacity will target local and regional markets, according to SCZONE.
The groundbreaking ceremony, held on Monday, was attended by representatives of the project’s consortium partners and members of the governments of Egypt and the Emirates.
Business partners include Chinese solar giant JA Solar, United Arab Emirates-based Global South Utilities, Bahrain’s Infinity Capital and Egypt’s AH for Industrial Management and Consulting. Senior managers of the companies – including Li Shaohui, CEO of JA Solar – signed the construction contract for the complex next to the area where ground was broken at the site.
Egypt’s Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), also attended the signing and ceremony.
Egyptian politicians emphasized the project’s role in replacing imported products with high-quality, locally produced products and creating new export opportunities. The project will source Egyptian aluminum and glass and create jobs in the region.
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