Prime Minister Mostafa Madbouli inaugurated Sunday the “Elite Solar” Solar Energy Technology Manufacturing Complex at the TEDA-Egypt industrial developer zone in the Sokhna industrial area that falls under the General Authority of the Suez Canal Economic Zone (SCZONE).
The opening came at the start of an extensive tour to inaugurate a number of factories in the zone, attended by ministers, the governor of Suez, the head of SCZONE, senior officials and representatives of industrial developers and project companies.
The inauguration is part of the State’s efforts to deepen local manufacturing of renewable energy components and promote the transition to a green economy.
The prime minister opened two plants within the Elite Solar Complex. The first, Elite Solar Suez Technology, specialized in manufacturing electronic components and solar cells. Built on an area of 41,835 square meters, it represents investments of dlrs 40 million, has a production capacity of 2 gigawatts, and will create about 400 direct and 40 indirect jobs.
The second, Elite Solar Green Energy, manufactures electronic panels and components related to solar energy technology. It is built on 35,479 square meters, with investments of dlrs 76 million, a production capacity of 3 gigawatts and will provide around 460 direct and 130 indirect jobs, supporting technology transfer and value-chain integration for renewable energy industries within SCZONE.
Madbouli said the Complex marks an important step toward localizing renewable energy industries in Egypt, supports the transition to a green economy, and strengthens Egypt’s position as a regional hub for manufacturing solar energy components, in line with Egypt Vision 2030.
SCZONE Chairman Walid Gamal el-Din said the project reflects the authority’s success in attracting technology and knowledge-based investments and advancing the localization of advanced solar technologies in Egypt.
During his tour, Madbouli was briefed that local component ratio stands at 50%, which he described as a good step toward increasing local content. He was also informed that around 70 Egyptian engineers are working at the plant and that workers receive training in a suitable production environment.
