popular articles

EliTe Solar invests USD 150 million in an 8 GW solar plant in Egypt

EliTe Solar launches a $150 million project for an 8 GW solar plant in Egypt. The aim is to boost its production capacity and optimize its global supply chain, while supporting Egypt's energy ambitions.
Panneaux solaires en Égypte

Please share:

EliTe Solar, one of the world’s leading manufacturers of solar solutions, is investing $150 million to establish an 8 gigawatt (GW) solar production center in Egypt’s Suez Special Economic Zone.
The project, which will cover 78,000 square meters, is structured in two development phases, with commissioning of the first phase scheduled for September 2025.
This first phase will deploy an initial production capacity of 2 GW of high-efficiency solar cells.

Production Capacity Building and Market Strategy

The Egyptian plant is designed to produce solar cells and assemble photovoltaic modules, meeting the growing global demand for renewable energy.
A significant proportion of production will be destined for export to strategic markets, notably the United States, helping to secure solar panel supplies in a context of increasing international competition and tense supply chains.
The plant’s geographical location, within the Suez Special Economic Zone, offers a major logistical advantage, with direct access to shipping corridors to North America, Europe and Africa.
This strategic location not only reduces transport times and costs, but also boosts the competitiveness of Egyptian exports in the solar technology sector.

Supply Chain Optimization and Production Site Diversification

EliTe Solar’s expansion into Egypt is part of a strategy to diversify its production sites, which already includes bases in Indonesia and Vietnam.
By multiplying the locations of its facilities, EliTe Solar seeks to reduce the risks associated with supply chain disruptions and position itself as a resilient player in the face of fluctuations in the global solar energy market.
This approach also enables us to better respond to the needs of different regional markets with a more responsive and adaptable offering.
According to Derek Liu, President of EliTe Solar, “integrating Egypt into our global production network is essential to optimize our logistics and improve our international competitiveness.”
By consolidating its production capacities in strategic regions, EliTe Solar intends to capture new market share in a fast-growing sector, particularly in North America.

Impact on Egypt’s Economic and Energy Development

For Egypt, the arrival of a major investment by EliTe Solar is part of an economic development drive focused on energy diversification and industrialization.
The Egyptian government, through the Suez Special Economic Zone, actively encourages foreign investment in cutting-edge technologies to boost the local economy, stimulate the creation of skilled jobs and promote the transfer of technological know-how.
The new solar manufacturing plant will also enable Egypt to establish itself as a regional hub for renewable energies, capable of efficiently serving markets in Africa, Europe and the Middle East.
Increasing local production capacity in solar technologies will help to diversify the country’s energy mix and reduce its dependence on imported fossil fuels.

Challenges and prospects for the solar industry

EliTe Solar’s project in Egypt comes at a time when global demand for solar energy is booming, particularly to meet the energy transition targets set by many countries.
By investing in new production capacity, EliTe Solar is not only anticipating an increase in demand, but is also seeking to position itself as a key supplier of solar solutions on an international scale.
Consolidating its production network with sites in Asia and now Africa enables the company to minimize operational risks and maximize its responsiveness to changes in trade policies and environmental regulations.
This geostrategic positioning and the enhancement of its production capacities will enable EliTe Solar to strengthen its role in the global renewable energies market.

Register free of charge for uninterrupted access.

Publicite

Recently published in

PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.
Photovoltaic manufacturer ZNShine Solar delivered 54.6 MW of bifacial modules for a 67 MW solar project in Texas, financially closed at the end of 2023 through non-recourse financing led by EastWest Bank.
Photovoltaic manufacturer ZNShine Solar delivered 54.6 MW of bifacial modules for a 67 MW solar project in Texas, financially closed at the end of 2023 through non-recourse financing led by EastWest Bank.
Waaree Energies has launched its 5.4 GW solar cell plant in Chikhli, Gujarat, marking a key milestone for India’s photovoltaic industry and its local manufacturing ambitions.
Waaree Energies has launched its 5.4 GW solar cell plant in Chikhli, Gujarat, marking a key milestone for India’s photovoltaic industry and its local manufacturing ambitions.
Enlight has secured $773 mn in financing for the Country Acres project, combining solar generation and storage near Sacramento, scheduled to be operational in the second half of 2026.
Enlight has secured $773 mn in financing for the Country Acres project, combining solar generation and storage near Sacramento, scheduled to be operational in the second half of 2026.
GreenYellow South Africa begins installation of 7,500 solar panels across 10 AJP Group shopping centres, targeting 7.5 GWh in annual output and a 120% reduction in energy costs over twenty years.
Chinese manufacturer LONGi secured a 555 MW supply deal for its Hi-MO X10 solar modules during a professional exhibition in Johannesburg, expanding its presence in the African photovoltaic market.
Chinese manufacturer LONGi secured a 555 MW supply deal for its Hi-MO X10 solar modules during a professional exhibition in Johannesburg, expanding its presence in the African photovoltaic market.
Q ENERGY has launched construction works for an 8.5 MWc photovoltaic park in Cahuzac-sur-Adour, on a former industrial site, with commissioning scheduled for late 2025.
Q ENERGY has launched construction works for an 8.5 MWc photovoltaic park in Cahuzac-sur-Adour, on a former industrial site, with commissioning scheduled for late 2025.
New Delhi has confirmed the construction of a solar power plant in Sampur, reviving a long-delayed project following the withdrawal of a major wind farm backed by the Adani Group.
New Delhi has confirmed the construction of a solar power plant in Sampur, reviving a long-delayed project following the withdrawal of a major wind farm backed by the Adani Group.
Italian company Plenitude has begun building a 90 MW solar plant in Fortuna, southeastern Spain, with commissioning scheduled for 2025.
Masdar, through its subsidiary Saeta, has acquired Valle Solar, one of the largest photovoltaic projects in the Valencia region, reinforcing its European growth strategy with a potential storage capacity of 259 MW.
Masdar, through its subsidiary Saeta, has acquired Valle Solar, one of the largest photovoltaic projects in the Valencia region, reinforcing its European growth strategy with a potential storage capacity of 259 MW.
CARBON partners with Enerfip to raise at least €1 mn in citizen funding for its planned photovoltaic gigafactory in Fos-sur-Mer, an industrial project backed by the solar sector.
CARBON partners with Enerfip to raise at least €1 mn in citizen funding for its planned photovoltaic gigafactory in Fos-sur-Mer, an industrial project backed by the solar sector.
GreenYellow is installing self-consumption photovoltaic carports at three Sanofi sites under 15-year power purchase agreements, totalling 4.5 MWc of installed capacity.
GreenYellow is installing self-consumption photovoltaic carports at three Sanofi sites under 15-year power purchase agreements, totalling 4.5 MWc of installed capacity.
The Renewable Energy Syndicate opposes the bill adopted by the Economic Affairs Committee, arguing that its provisions would end the development of agrivoltaics in France.
A decree published in the Official Journal revises support for photovoltaic systems under 500 kWc by lowering certain tariffs and introducing a bank guarantee to regulate project eligibility.
A decree published in the Official Journal revises support for photovoltaic systems under 500 kWc by lowering certain tariffs and introducing a bank guarantee to regulate project eligibility.
TOYO Co., Ltd plans to add 2 gigawatts to its solar production capacity in Ethiopia by August 2025, responding to strong international demand with an estimated $47mn investment.
TOYO Co., Ltd plans to add 2 gigawatts to its solar production capacity in Ethiopia by August 2025, responding to strong international demand with an estimated $47mn investment.
ZNShine Solar will supply photovoltaic modules for the Patuca project, a 50MW facility backed by the Honduran government and scheduled to be commissioned in October 2025.
ZNShine Solar will supply photovoltaic modules for the Patuca project, a 50MW facility backed by the Honduran government and scheduled to be commissioned in October 2025.
TotalEnergies’ withdrawal from the Maya project highlights a strategic shift in French Guiana towards distribution and territorial balance, at the expense of solar production around Cayenne.
German developer Energiekontor has launched operations at the Letschin solar park, adding 60 megawatts to its portfolio and reinforcing its electricity generation segment.
German developer Energiekontor has launched operations at the Letschin solar park, adding 60 megawatts to its portfolio and reinforcing its electricity generation segment.
The Bangladesh Power Development Board has issued a tender for 14 large-scale solar plants, following previous project failures due to investor-criticised terms.
The Bangladesh Power Development Board has issued a tender for 14 large-scale solar plants, following previous project failures due to investor-criticised terms.
Masdar has signed an agreement with Endesa to acquire a 49.99% stake in four solar plants in Spain, valued at €368 million, consolidating its presence in one of the European Union’s main solar markets.
Masdar has signed an agreement with Endesa to acquire a 49.99% stake in four solar plants in Spain, valued at €368 million, consolidating its presence in one of the European Union’s main solar markets.
TotalEnergies ENEOS and Imerys have deployed a 1 MWp photovoltaic system in Ipoh, Malaysia.
ACCIONA Energía has started the construction of the Daanbantayan solar plant, a €120 million project in the Philippines, with operations expected to begin in late 2026.
ACCIONA Energía has started the construction of the Daanbantayan solar plant, a €120 million project in the Philippines, with operations expected to begin in late 2026.
Acciona Energía has closed a €263 million syndicated loan for the construction of the Aldoga solar farm in Australia, supported by Cesce's green investment policy.
Acciona Energía has closed a €263 million syndicated loan for the construction of the Aldoga solar farm in Australia, supported by Cesce's green investment policy.
BayWa r.e. has secured €435 million in financing to support its transformation process, with the backing of its shareholders and financiers. The transaction is expected to be finalised in the second quarter of 2025.
BayWa r.e. has secured €435 million in financing to support its transformation process, with the backing of its shareholders and financiers. The transaction is expected to be finalised in the second quarter of 2025.

Advertising