EliTe Solar Invests $150M in 8 GW Solar Manufacturing Hub in Egypt’s Suez Economic Zone

EliTe Solar, a global leader in integrated solar manufacturing solutions, has announced a major investment to build an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. This strategic expansion into the Middle East follows discussions with Egypt’s Prime Minister and the Chairman of the Suez Special Economic Zone, supporting the region’s growing demand for renewable energy and contributing to Egypt’s clean energy goals.

The facility will produce high-efficiency solar cells and assemble modules, with a significant portion of production exported to key markets like the United States. This move positions EliTe Solar as a key player in the international solar supply chain.

The $150 million investment will span 78,000 square meters and be developed in two phases. The first phase, scheduled for completion by September 2025, will launch a 2 GW solar cell production line. Once fully operational, the hub is expected to generate annual sales exceeding $190 million, further strengthening EliTe Solar’s foothold in the Middle East.

“This venture will position Egypt as a central hub for photovoltaic manufacturing in the Middle East and North Africa,” said Derek Liu, Chairman of EliTe Solar. “With a planned total production capacity of 8 GW, we are introducing solar technology to revolutionize local supply chains and manufacturing standards.”