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Egypt partners with Sunshine Pro on solar manufacturing hub: Egypt’s state-owned Arab Organization for Industrialization signed an agreement with Sweden’s Sunshine Pro to establish a joint solar panel manufacturing project, according to a statement. Details on the timeline and the investment ticket were not disclosed.
About the factory: The factory is set to produce 1 GW of solar panels annually under the name Arab-Sewedish Energy Factory (ASEF) and will use state-of-the-art automated technology to manufacture solar panels. The production will focus on the Egyptian and African markets, with plans to reach high-performance panels capable of competing in international markets.
Egypt is going big on localization: The country has been working on strategies to localize solar PV cell manufacturing and recently kicked off construction on multiple manufacturing ventures. Elite Solar broke ground on its USD 150 mn, 2 GW solar panel factory in the TEDA zone in Ain Sokhna last week. CNG Egypt New Energy Glass has also began constructing a USD 300 million plant in Ain Sokhna, producing 230,000 tons of PV glass annually. Another solar panel mounting systems factory is set to begin production in the same industrial zone.
