Egypt has launched a $200 million solar components manufacturing complex in the Ain Sokhna industrial zone in a major push toward localizing renewable energy technology. The project supports the country’s broader strategy to become a regional hub for green energy and advanced industrial development.

The integrated complex, led by Chinese company Sunrev Solar under TEDA–Egypt’s industrial development framework – will span 200,000 square meters and be built in two phases. The first phase, with an investment of $90 million, will establish two factories to produce 2 GW of solar cells and 2 GW of solar modules. The second phase, worth $110 million, will focus on localizing raw materials such as silicon ingots and wafers, while expanding cell and module output.

The ceremony was attended by key officials, including Wei Jianqing, General Manager of CA–TEDA Group; Cao Hui, Managing Director of TEDA; He Fei, Managing Director of Sunrev Solar; and representatives from SCZONE. The project agreement was signed in the presence of Prime Minister Dr. Mostafa Madbouly and Minister of Industry and Transport, Lieutenant General Kamel El-Wazir.

“SCZONE is proud to host one of the largest industrial investments in the renewable energy components sector,” said Waleid Gamal El-Dien, Chairman of SCZONE. “This project represents a significant step forward in localising advanced industries in Egypt and enhancing industrial integration in clean energy.”

He added, “It is expected to generate over 1,800 direct jobs and thousands more indirectly. We are fully committed to supporting its timely execution.”

“We are bringing to Egypt our most advanced technologies in solar energy,” said He Fei of Sunrev Solar. “Egypt was chosen due to its clear national vision towards a sustainable energy future.”