EliTe Solar, a solar PV manufacturing company based in Singapore, achieved a great milestone in its expansion worldwide when it broke ground for a new manufacturing facility at Egypt’s TEDA Suez Economic and Trade Cooperation Zone. The planned capacity for the facility is 5GW. It will spread over an area of 78,000 square meters. The operations at the facility will begin by September 2025.
Key milestone in Egypt’s solar sector
The gathering had key persons such as Mr. Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone and Mr. Ouyang Xiaoming, First Secretary of the Chinese Embassy in Egypt. Attending it also was Mr. Li Daixin, Chairman of China-Africa TEDA Investment Co., Ltd and Mr. Liu Jingqi, Chairman of EliTe Solar, whose persons took time and spoke of what the said project holds in store for Egypt’s future in renewables.
Mr. Waleid Gamal Eldien, Chairman of the Egypt Special Economic Zone Authority said, “The launch of this project represents a major milestone in the development of Egypt’s solar industry.”
He added, “By introducing advanced solar manufacturing technologies and optimizing local supply chains, this initiative will raise Egypt’s overall manufacturing standards. EliTe Solar’s advanced solar technology and managerial expertise will further enhance our global standing in solar power industry.”
Also read: Egypt to Boost Renewable Energy Capacity by 10 GW by 2028
Strengthening Egypt’s Position in Global Solar Manufacturing
The new solar hub will introduce advanced technology to Egypt, create a thrust in the local solar industry, and enhance its export potential. This will assume a key position in helping Egypt pursue its 2030 renewable energy goal of transforming 42 percent of its energy mix to clean sources.
The new solar hub will play a central role in pursuing Egypt’s target of transforming 42% of its energy mix into clean sources in 2030.The plant will also generate 500 million kWh annually that will substitute for about 307 million tons of standard coal and save 84 million trees worth of carbon.
Addressing Egypt’s Energy Needs and Sustainability Goals
Amid recent power shortages in Egypt, this project offers a sustainable energy solution, leveraging renewable resources for energy diversification. It expects help meet the growing demand for electricity while ensuring the country’s energy independence.