Egypt Launches USD 200-Million Solar Factory Project with China’s Sunrev Solar

China’s Sunrev Solar has commenced construction of a USD 200-million solar manufacturing complex in Egypt’s Ain Sokhna Industrial Zone, marking a major step in the country’s clean energy ambitions.

The announcement was made by the General Authority for the Suez Canal Economic Zone (SCZONE), which confirmed the project will be developed over two phases on a 200,000-square-metre plot.

In the first phase, Sunrev Solar will invest USD 90 million to establish two fully integrated factories, each with an annual production capacity of 2 GW, one for solar cells and another for solar modules. The facilities are expected to be commissioned by the first half of 2026, supporting Egypt’s goal of boosting local photovoltaic (PV) technology production.

The second phase will see a further USD 110 million invested to localise the manufacturing of essential raw materials, including silicon ingots and wafers. This phase will also scale up the output of solar cells and modules, enhancing Egypt's ability to compete in global PV markets.

The completed complex is projected to generate around USD 300 million in annual revenue, driven largely by exports to regional and international markets. Officials say the project will significantly enhance the country’s green industrial base and position it as a solar manufacturing hub in the MENA region.

The construction launch follows a formal contract signing witnessed by Egyptian Prime Minister Mostafa Madbouly, underlining high-level support for Egypt’s renewable energy industrialisation plans.

SCZONE is also home to another large-scale solar project backed by Chinese investment. In late 2024, Elite Solar began constructing a gigawatt-scale facility to produce N-type solar cells and integrated module-cell-wafer systems with an annual capacity of 2 GW, further cementing the zone’s reputation as a green tech magnet.