Will JA Solar build a 2 GW solar plant in Egypt?

Chinese manufacturer JA Solar has agreed to build a 2 GW solar cell and module factory in Egypt with support from UAE-based Global South Utilities. The Egyptian government has signed a memorandum of understanding (MoU) with UAE-based Global South Utilities and China’s JA Solar to set up two solar manufacturing facilities at unspecified locations.

How much does JA Solar cost in Egypt?

Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony. JA Solar will oversee the construction of a 2 GW solar cell factory and a 2 GW PV module factory, partnering with local Egyptian entities. The solar cell factory will cost $138 million, while the module factory will require $75 million.

Why should Egypt invest in solar panels?

Egyptian officials emphasized the role of the facilities in supporting Egypt's renewable energy targets and economic development. JA Solar, a leading solar manufacturer, reported 57 GW in PV module shipments in 2023, with 37.6 GW shipped in the first three quarters of 2024 – half to overseas markets.

Where is NREA located in Egypt?

The Government of Egypt has provided 37.2km² of land to NREA in Benban, in the town of Daraw Markaz of Upper Egypt, for the development of the Benban solar park. The 41 solar power plants will be developed on plots ranging from 0.3km² to 1.0km² in size.

Why is solar energy important in Egypt?

Egypt is a place with a serious amount of solar energy potential and its exploitation is critical for a national sustainable development through an efficient energy planning and a gradual independence from fossil fuels.

What is the biggest solar power plant in Benban?

At 64.1MW, Infinity 50 is the biggest solar power plant in the Benban solar park. It is being developed by Infinity 50, a consortium comprising Infinity Solar, ib vogt and Solizer. SP Energy and Horus Solar Energy will develop 50MW power plants each with an investment of $7m and $15.75m, respectively.