EliTe Photo voltaic, a photo voltaic PV producer headquartered in Singapore, has held a groundbreaking ceremony for its new mission within the Egypt TEDA Suez Financial and Commerce Cooperation Zone, marking a serious milestone within the firm’s world strategic enlargement.
The power has a deliberate capability objective of 5 GW, spanning an space of 78,000 sq. meters. The mission is scheduled to start manufacturing in September 2025, that includes 2 GW photo voltaic cell and three GW photo voltaic module manufacturing traces.
This mission brings superior power manufacturing applied sciences to Egypt, driving the native photo voltaic business provide chain and boosting Egypt’s export capabilities and world affect within the photo voltaic market. It gives contemporary momentum to the native economic system and acts as a key driver in supporting Egypt’s 2030 renewable power objective of attaining 42% clear power transformation.
Contemplating the current energy shortages and blackouts skilled throughout Egypt this yr, which spotlight robust future calls for for electrical energy, there’s an pressing want for a diversified power structure to make sure power independence. This mission completely addresses these wants by delivering sustainable options by way of renewable power sources. As soon as accomplished, the mission will generate 500 million kWh yearly, save roughly 307 million tons of normal coal, and offset carbon emissions equal to planting 84 million bushes.
Since its inception, EliTe Photo voltaic has established a number of manufacturing hubs in nations together with Vietnam, Indonesia and Egypt, thus solidifying its worldwide industrial presence. Transferring ahead, EliTe Photo voltaic will proceed driving power transformation by way of high-quality know-how exports, additional contributing to world sustainable improvement.
