China's Sunrev to Invest $200m in Solar Component Industrial Complex in Egypt's Sokhna

Strategic Insights -

Prime Minister Mostafa Madbouly witnessed the signing of a contract to establish an integrated industrial complex for the production of solar energy components in Ain Sokhna's industrial zone, part of the Suez Canal Economic Zone (SCZONE). The project will be developed by Chinese firm Sunrev Solar, with a total investment of $200m, spanning 200,000 square metres and creating over 1,800 direct jobs. The project aims to localise the production of key raw materials and complete the full solar component value chain, supporting Egypt's national strategy to transition to a green economy and promote clean energy industries.

Key Takeaways:

  • The project involves the construction of two integrated factories, one for producing solar cells and another for solar modules, each with a capacity of 2 gigawatts.
  • The second phase will focus on localising the production of key raw materials, such as silicon ingots and wafers, completing the full solar component value chain.
  • The project will see a total investment of $200m, with $90m allocated for the first phase and $110m for the second.
  • It is expected to create over 1,800 direct jobs across both phases and generate annual export revenues of up to $300 million.
  • The first phase is scheduled to begin operations in the first half of 2026.
  • Sunrev Solar is one of the world's leading manufacturers of solar energy components.
  • The investment aligns with Egypt's national strategy to transition to a green economy, promote clean energy industries, and advance the goals of Egypt's Vision 2030 and Sustainable Development Strategy.
  • The project reflects the confidence of major international investors in SCZONE's business climate and supports the authority's broader strategy to localise advanced industries and integrate solar energy production chains.

Statistics:

  • Total project investment: $200m
  • First phase investment: $90m
  • Second phase investment: $110m
  • Project area: 200,000 square metres
  • Number of direct jobs created: over 1,800
  • Annual export revenues: up to $300 million
  • First phase operational period: first half of 2026
  • Solar cells capacity: 2 gigawatts
  • Solar modules capacity: 2 gigawatts
  • Silicon ingots and wafers to be localised: second phase

Sources:

  • "China's Sunrev to invest $200m in solar component industrial complex in Egypt's Sokhna" - Dailynewsegypt
  • SCZONE and Egyptian authorities' statements on the project