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.

Share:

Panneaux solaires en Égypte

Comprehensive energy news coverage, updated nonstop

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 €/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

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.

French independent producer CVE has commissioned an agrivoltaic pilot project in Haute-Loire, aiming to test solar panel integration on a cattle farm ahead of a future 12 MWc installation.
Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
H.E Energy will develop 100 low-voltage solar facilities totalling 10MWDC in Hokkaido for SMFL Mirai Partners, with commissioning scheduled by June 2026.
Hokkaido Gas has launched a 2MW solar power plant in Kamishihoro, with an expected annual output of 4.4GWh to be distributed locally through energy supplier Karch.
Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.
RWE has inaugurated a 4 megawatt-peak solar park in Charente-Maritime, built on a former municipal landfill site and capable of supplying electricity to approximately 1,500 households.
Iberdrola strengthens its partnership with Norges Bank Investment Management by adding two Spanish photovoltaic plants, raising joint operational capacity to 900 MW.
Producer Red Rocket has finalised financing for a 331 MWp solar park in Mpumalanga, backed by a 20-year power purchase agreement with Discovery Green.

All the latest energy news, all the time

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3€/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.