EliTe Solar, a global manufacturer of PV cells and modules, has unveiled plans for a solar energy production center in Egypt.
The company announced the investment venture, worth more than $150 million, after discussions with the Egyptian Prime Minister, the chairman of the Suez Special Economic Zone and the chairman of Chinese conglomerate TEDA.
The production center will be located in the TEDA Suez Economic and Trade Cooperation Zone, near the northeastern Egyptian city of Suez, covering an area of 78,000 m2. It has a total planned production capacity of 8 GW. The first phase of development, expected to be completed in September 2025, will produce 2 GW of solar cell production.
Once operational, the hub is expected to generate annual revenues of more than $190 million.
“This venture will position Egypt as a central hub for photovoltaic manufacturing in the Middle East and North Africa,” said EliTe Solar Chairman Liu Jingqi. “We are introducing cutting-edge technology to revolutionize local supply chains and production standards. We aim to build a state-of-the-art facility that will serve as a model for efficiency, sustainability and advanced manufacturing processes.”
EliTe Solar is headquartered in Singapore and has manufacturing facilities in Vietnam, Indonesia and the Middle East. According to its website, the company operates 6 GW of annual wafer capacity, as well as 7 GW of cell and 5 GW of module capacity.
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