Egypt is making significant strides in the realm of solar energy with a series of ambitious projects that underscore the nation’s commitment to renewable energy and sustainability.
EliTe Solar’s 8GW Solar Manufacturing Hub: Singapore-based integrated solar manufacturing solutions provider, EliTe Solar, is set to establish an 8GW solar manufacturing hub in the Suez Special Economic Zone. This initiative, following discussions with Egypt’s Prime Minister and the chairman of the Suez Special Economic Zone, will focus on producing high-efficiency solar cells and module assembly. The $150 million investment will cover an area of 78,000m² and will be executed in two phases. The first phase, featuring a 2GW solar cell production line, is scheduled for completion by September 2025. A significant portion of the output is aimed for export to key markets, including the US.
Scatec ASA’s Hybrid Project: In a groundbreaking move, Scatec ASA has signed a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 1GW solar and 100 MW/200 MWh battery storage hybrid project. This hybrid project, the first of its kind in Egypt, highlights Scatec’s leadership in the renewable energy sector within the country. CEO Terje Pilskog emphasized the importance of this project, which will include Engineering, Procurement & Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services. Financial closure and the commencement of construction are anticipated in the first half of 2025.
Oriental Weavers’ Solar Power Plant: Oriental Weavers, a global leader in the woven carpets industry, has partnered with the Industrial Research and Services Centre (IRSC) to install a 2.5 MWp solar power plant at its factory in 10th of Ramadan City. With an investment of $1.5 million, this initiative is part of Oriental Weavers’ broader commitment to decarbonization and energy efficiency. The solar plant is expected to reduce the company’s carbon emissions by 4,000 tons annually, supporting both Egypt’s Vision 2030 and the United Nations’ Sustainable Development Goals.
These projects collectively signify a transformative phase in Egypt’s renewable energy landscape, driving sustainability and economic growth in alignment with global environmental objectives.