On September 14, Egyptian President Cessi met with Cao Renxian, chairman of Sunshine Power, and Terje Pilskog, CEO of Scatec, a Norwegian energy company.
The meeting revealed that Sunshine Power plans to build an energy storage battery factory with an annual capacity of 10GW in Egypt.
Cao Renxian said that Sunshine Power is willing to cooperate with Egypt to promote the localization of the industry, using Egypt's existing infrastructure and new and renewable energy components to achieve the localization of the energy storage battery industry.