According to the official website of the Egyptian National Information Bureau (SIS), on Wednesday (August 27), witnessed by Egyptian Prime Minister Mustafa Madbouli. China Jingao Solar Energy Company will sign agreements with AHG of Egypt, Global South Utilities of the United Arab Emirates and Infinity Capital of Bahrain to invest 220 million US dollars (about 1.57 billion RMB) to build an industrial park project in the region. It includes the construction of factories to produce solar cells, panels and energy storage systems .
It is reported that the comprehensive industrial park will be built in the Sukhna Industrial Zone of the Suez Canal Economic Zone on the Red Sea coast of Egypt, including a 2G W solar cell factory, a 2G W solar module factory, and a 1 GWh energy storage system factory, which is planned to be completed within three years.
China JA Solar participates as a technology investor. The
information shows that all the products of the solar cell factory will be exported to the global market, while the products of the module factory will be used to meet the needs of the local market in Egypt and the regional markets in the Middle East and Africa.
In addition, the project is also expected to promote the construction of local aluminum and glass production projects.
In fact, the Egyptian project of Jingao Science and Technology Layout has been "premeditated" for a long time. On November 21,
2024, Jingao Technologies signed a memorandum of understanding with Egypt and the United Arab Emirates Global South Utilities (Global South Utilities), which agreed to build two local factories for the production of 2G W solar cells and 2G W solar modules. ( Total investment exceeds 1.5 billion! Jingao Technology goes to Africa to build photovoltaic cell and module factories)
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