PVTIME – In a significant development for Sino-Egyptian green energy cooperation, China’s Sunrev Solar and TEDA Egypt have approved the construction of a $200 million solar module complex in the Suez Canal Economic Zone (SCZONE), Egypt. The Ain Sokhna project is a major step towards achieving Egypt’s green economy goals by 2030, as it combines advanced manufacturing with regional decarbonisation initiatives.
The project will be executed in two phases. Initially, $90 million will be invested to build twin 2GW solar cell and module factories, which are scheduled to begin operation in Q2 of 2026. A second phase, valued at $110 million, will localise silicon ingot and wafer production, creating a complete value chain ecosystem. Spanning 200,000 square metres, the complex will be one of the largest solar hubs in the Middle East, according to SCZONE chairman Walid Gamal El-Din.
The project is expected to generate over 1,800 direct jobs and drive $300 million in annual export revenues, thereby reinforcing Egypt’s non-oil economy. Prime Minister Mostafa Madbouly emphasised that SCZONE’s strategic location and tax incentives are attracting global investment, and he promised to provide policy support to accelerate energy diversification.
In line with Egypt’s strategy of raising the proportion of renewable energy in the energy mix to 42% by 2035, the complex will reduce solar costs through technology transfer. El-Din noted that Chinese expertise complements Egypt’s market potential, setting a regional blueprint.
This deal — SCZONE’s third billion-dollar investment in renewables this year — highlights the Suez Canal’s role as a Belt and Road energy hub, with Ain Sokhna set to attract more green manufacturing projects.
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