EliTe Solar has announced investment plans to build an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility will focus on producing high-efficiency solar cells and module assembly, with a substantial share of the output exported to key markets, including US.
Furthermore, this project, valued at over $150 million, will span 78,000 square metres and be completed in two phases. The initial phase which is expected to finish by September 2025, will establish a 2 GW solar cell production line. Upon full operation, annual sales are projected to exceed $190 million.
Elite Solar is a solar photovoltaic company that provides tailored solar solutions for utility, commercial, and industrial clients globally. Through continuous innovation in solar technology and financial strategies, the company delivers smart energy solutions that enhance value and reduce risk. Additionally, the company focuses on optimising the levelised cost of energy to ensure cost-effective and efficient energy production.
