The Egyptian government has signed a Memorandum of Understanding (MoU) with UAE-based Global South Utilities and China’s JA Solar to set up two solar energy production facilities in unspecified locations. Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony.
JA Solar will oversee the construction of a 2 GW solar cell factory and a 2 GW PV module factory in collaboration with local Egyptian entities. The solar cell factory will cost $138 million, while the module factory will require $75 million.
Global South Utilities will assist JA Solar in conducting feasibility studies and securing government subsidies.
The factories will mainly supply the Egyptian domestic market while strengthening local supply chains with materials such as glass and aluminum. Egyptian officials emphasized the facilities’ role in supporting Egypt’s renewable energy and economic development goals.
JA Solar, a leading solar manufacturer, reported shipments of 57 GW of PV modules in 2023, of which 37.6 GW in the first three quarters of 2024, half of which went to overseas markets.
Egypt aims to obtain 42% of its energy from renewable sources by 2030, reducing dependence on fossil fuels.
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