The Egyptian Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a contract that will enable the establishment of an integrated industrial complex for the production of solar energy components in Ain Sokhna’s industrial zone. This upcoming Ain Sokhna Solar Energy Complex Project will be part of the Suez Canal Economic Zone (SCZONE). The project will be developed by Chinese firm Sunrev Solar.
The project will involve the construction of two integrated factories in its first phase. One of the factories will be for producing solar cells and another for solar modules. Each of the factories will boast a capacity of 2 gigawatts.
Ain Sokhna Solar Energy Complex Project Factsheet
Developer: Sunrev Solar
Location: Ain Sokhna industrial zone. This is part of the Suez Canal Economic Zone (SCZONE) in Egypt.
Cost:
Total cost: $200 million
Phase 1: $90 million
Phase 2: $110 million
Phases of development:
Phase 1:
- This phase will involve the construction of two integrated factories:
- One for producing solar cells.
- The other factory will be for producing solar modules.
- Each factory will be having a production capacity of 2GW.
This phase is expected to kick off operations in the first half of the year 2026.
Also read: Scatec Reaches Egypt’s Obelisk Hybrid Solar and BESS Project Financial Close
Phase 2:
- This phase will mainly focus on localizing the production of key raw materials which include:
Silicon ingots.
Silicon wafers.
- Generally, this phase aims to complete the full solar component value chain ranging from raw materials to finished products.
Furthermore, as for the second phase, it will mainly focus on localising the production of key raw materials which include silicon ingots and wafers. This will therefore complete the full solar component value chain.
SCZONE Chairperson Walid Gamal El-Din described the upcoming project as one of the zone’s largest industrial investments in renewable energy components. It will span ab area of 200,000 square metres.
Project Cost
Also, the project will see a total investment of $200m. A total of $90m for the first phase and $110m for the second. It will generate more than 1,800 direct jobs across both phases. Additionally, it will generate annual export revenues of up to $300 million.
Project’s Timeline
The foundation stone of the project is expected to be laid on Thursday 19th June. The first phase is scheduled to commence its operations in the first half of 2026. Lastly, Gamal El-Din stressed that the project indicates the confidence of major international investors in SCZONE’s business climate. Also, it supports the authority’s broader strategy to localise advanced industries and integrate solar energy production chains—from raw materials to finished products.
Also read: Scatec Commences Construction of 1.1GW Obelisk Solar PV and BESS Project in Egypt
