Latest news with #Sunrev
CairoScene
22-06-2025
- Business
- CairoScene
Chinese Solar Firm Sunrev to Build USD 200 Million Plant in SCZone
Chinese solar company Sunrev will open a USD 200 million facility in Egypt's SCZone to manufacture components for export and support local production of key solar materials. Jun 22, 2025 Chinese solar energy company Sunrev has signed an agreement to establish a USD 200 million manufacturing complex in Ain Sokhna, within the China-Egypt TEDA-Suez Economic and Trade Cooperation Zone — a key part of the Suez Canal Economic Zone. Spanning 200,000 square metres, the complex will be developed in two phases. The first will involve constructing two factories, each with the capacity to produce 2 gigawatts of solar cells and modules. The second phase will focus on localising the production of raw materials such as silicon ingots and wafers. The project is expected to create 1,800 direct jobs, with operations from the first phase set to begin in the first half of 2026. Once operational, the facility is projected to generate up to USD 300 million in annual export revenue, serving both regional and global markets. Founded in 2008, Sunrev operates nine production bases in China's Jiangsu province and specialises in the development and manufacturing of photovoltaic components, including monocrystalline silicon wafers, high-efficiency solar cells, and large-scale modules. The company is also active in the construction of solar power plants. The China-Egypt TEDA zone, also established in 2008, has become a key destination for Chinese industrial investment in Egypt, hosting more than 160 companies across sectors such as construction, petroleum equipment, and heavy machinery. It has created over 70,000 jobs and continues to support industrial cooperation between Egypt and China.
Al-Ahram Weekly
18-06-2025
- Business
- Al-Ahram Weekly
Chinese Sunrev to build $200 mln solar energy complex in Egypt's SCZone - Energy
Chinese solar company Sunrev has signed an agreement to build a $200 million solar energy manufacturing complex in the China-Egypt TEDA-Suez Economic and Trade Cooperation Zone in Ain Sokhna within the Suez Canal Economic Zone (SCZone). The TEDA zone—a joint industrial venture between China and Egypt established in 2008—is one of Egypt's key manufacturing hubs and has attracted over 160 companies in sectors such as construction materials, petroleum equipment, and heavy machinery. The two-phase project—covering 200,000 square metres and expected to create 1,800 direct jobs—will begin with the construction of two factories to produce solar cells and modules, each with a capacity of 2 gigawatts. The second phase will focus on localizing the production of key raw materials, including silicon ingots and wafers. Construction will begin with a foundation-laying ceremony on Thursday. The first phase will begin operations in the first half of 2026. Prime Minister Mostafa Madbouly, Minister of Industry and Transport Kamel El-Wazir, and SCZone chairman Walid Gamal El-Din attended the signing ceremony on Wednesday. Officials said the project will generate up to $300 million annually in export revenue, supplying regional and global markets. Sunrev, founded in 2008, operates nine production bases across Jiangsu province in China. It specializes in the research, development, and manufacturing of photovoltaic components — including monocrystalline silicon wafers, high-efficiency solar cells, and large-scale modules — as well as the downstream construction of solar power plants. The TEDA zone has become a cornerstone of Chinese industrial investment in Egypt, and authorities say it has generated over 70,000 jobs since its establishment. Follow us on: Facebook Instagram Whatsapp Short link:
