EliTe Solar, a worldwide producer of PV cells and modules, has unveiled plans for a photo voltaic manufacturing hub in Egypt.
The firm introduced the funding, value greater than $150 million, after discussions with the Prime Minister of Egypt, the Chairman of the Suez Special Economic Zone, and the Chairman of the Chinese conglomerate TEDA.
The manufacturing hub shall be situated within the TEDA Suez Economic and Trade Cooperation Zone, close to the northeastern Egyptian metropolis of Suez, with an space of 78,000 m2. It has a complete deliberate manufacturing capability of 8 GW. The first section of growth, anticipated to be accomplished by September 2025, will set up a 2 GW photo voltaic cell manufacturing.
Once operational, the hub is anticipated to generate annual gross sales in extra of $190 million.
“This enterprise will place Egypt as a central hub for photovoltaic manufacturing within the Middle East and North Africa,” stated EliTe Solar Chairman Liu Jingqi. “We are introducing the most recent expertise to rework native provide chains and manufacturing requirements. We are dedicated to constructing a state-of-the-art facility that can function a mannequin for effectivity, sustainability, and superior manufacturing processes.
Headquartered in Singapore, EliTe Solar has manufacturing services in Vietnam, Indonesia and the Middle East. According to its web site, it operates 6 GW of annual wafer capability, in addition to 7 GW of cell and 5 GW of module capability.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
Popular content material
