China’s Sunrev Invests $200 Million in Major Egyptian Solar Manufacturing Hub
Chinese industrial group Sunrev has commenced construction of a massive $200 million solar components manufacturing facility in Egypt’s Suez Canal Economic Zone, marking a significant step in the country’s renewable energy manufacturing ambitions.
The ambitious two-phase project spans 20 hectares in Ain Sokhna and represents Egypt’s strategy to establish itself as a regional renewable energy manufacturing hub. The first phase focuses on solar panel assembly, while the second phase will establish local production of silicon and wafers, essential materials for solar cell manufacturing.
The facility is projected to export $300 million worth of locally manufactured solar modules annually, positioning the Suez Canal Economic Zone as a major export hub serving Africa, the Middle East, and Southern Europe. The strategic location provides direct access to six ports, comprehensive road and rail infrastructure, and maritime routes connecting the Mediterranean to the Red Sea.
The SCZONE Authority reports securing over $64 billion in agreements for renewable energy projects, including green hydrogen, solar, and wind energy initiatives. The zone covers more than 460 square kilometers and offers favorable conditions for solar energy production, particularly along the Gulf of Suez.
This development comes as Egypt faces challenges from declining natural gas production, making the shift toward renewable energy manufacturing increasingly critical for the country’s energy security and industrial diversification.
Source: africaoilgasreport.com
