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.

How many GW of solar shipments are there in 2023?

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. Egypt aims to generate 42% of its energy from renewable sources by 2030, reducing reliance on fossil fuels. This content is protected by copyright and may not be reused.

What will Egypt's new factories do?

The factories will primarily supply Egypt’s domestic market while bolstering local supply chains with materials like glass and aluminum. Egyptian officials emphasized the role of the facilities in supporting Egypt's renewable energy targets and economic development.

How much does JA Solar cost?

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. Global South Utilities will help JA Solar to conduct feasibility studies and secure government subsidies.