On December 16, 2024, EliTe Solar, a top solar panel manufacturer based in Singapore, celebrated the launch of a new project in the TEDA Suez Economic and Trade Cooperation Zone in Egypt. This marks a significant step in the company’s global growth. The new facility will cover 78,000 square meters and is designed to have a production capacity of 5GW, with 2GW dedicated to solar cells and 3GW to solar modules. Production is expected to start in September 2025.
The groundbreaking ceremony was attended by key figures such as Mr. Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone, Mr. Ouyang Xiaoming, First Secretary of the Chinese Embassy in Egypt, Mr. Li Daixin, Chairman of China-Africa TEDA Investment Co., Ltd., and Mr. Liu Jingqi, Chairman of EliTe Solar. The event served as a platform to discuss the project’s future and its impact on the region.
Mr. Waleid Gamal Eldien, Chairman of the Egypt Special Economic Zone Authority, stated, “The launch of this project represents a major milestone in the development of Egypt’s solar industry. By introducing advanced solar manufacturing technologies and optimizing local supply chains, this initiative will raise Egypt’s overall manufacturing standards. EliTe Solar’s advanced solar technology and managerial expertise will further enhance our global standing in the solar power industry.”
“This project not only strengthens Egypt’s solar industry but also positions the country as a key solar manufacturing hub in the Middle East and North Africa (MENA). It enhances supply chain capabilities while providing crucial support for global renewable energy growth,” mentioned Li Daixin, Chairman of China-Africa TEDA Investment Co., Ltd.
This project brings cutting-edge energy manufacturing technologies to Egypt, enhancing the local solar industry and strengthening Egypt’s position in the global solar market. It will help boost the country’s export potential and provide a significant boost to the local economy. Additionally, it plays a crucial role in supporting Egypt’s 2030 renewable energy target of achieving 42% clean energy.
In light of recent power shortages and blackouts across the country, there is an urgent need to diversify Egypt’s energy sources to ensure energy security. This project addresses that need by offering sustainable, renewable energy solutions. Once fully operational, it will produce 500 million kWh of electricity each year, save around 307 million tons of coal, and reduce carbon emissions equivalent to planting 84 million trees.
Liu Jingqi, Chairman of EliTe Solar, commented, “The launch of the Egypt project not only demonstrates our expertise in technological innovation and industry integration but also underscores EliTe Solar’s mission to lead global renewable energy development. Together with our partners, we are building a greener future and setting new benchmarks for the global energy transition.”
Since its founding, EliTe Solar has set up manufacturing facilities in countries like Vietnam, Indonesia, and Egypt, strengthening its global industrial footprint. Looking ahead, EliTe Solar plans to continue advancing energy transformation by exporting high-quality technology, playing an important role in promoting global sustainable development.
