Multinational consortium agrees to invest US$220 million in solar PV, BESS factory in Egypt

By JP Casey
LinkedIn
Twitter
Reddit
Facebook
Email

Bahraini, Chinese, Egyptian and Emirati groups have agreed to develop a new manufacturing facility in Egypt, with an annual production capacity of 2GW of solar cells, 2GW of solar modules and 1GWh of battery energy storage systems (BESS).

Egyptian prime minister Dr Mostafa Madouly attended a signing ceremony for a land usufruct contract on Wednesday for the facility, dubbed the ‘Atom Solar Project’, which will be built in New Alamein City, in the Sokhna Industrial Zone in north-eastern Egypt.

Backers include Bahraini investor Infinity Capital, leading Chinese manufacturer JA Solar, Egyptian component repair group AH Industrial Management and UAE-headquartered investor Global South Utilities (GSU). The groups will invest a total of US$220 million into the project, and the Egyptian government noted that it expects construction and trial operation to take three years.

The government also noted that the factory’s cells will be designated for “export to global markets”, which could be significant as many countries with growing solar sectors look to reduce their reliance on Chinese cell production. According to the International Energy Agency (IEA), China accounted for 98% of global solar wafer production, and 92% of global solar cell production, as of 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Meanwhile, the factory’s modules will be delivered to the domestic and nearby “regional” markets in the Middle East and Africa. 

Project partner JA Solar was the supplier of PV modules to Abydos Solar, a 500MW solar PV project in Egypt to which the country’s first large-scale BESS was recently integrated. It was delivered by developer AMEA Power, while the site’s 300MWh of battery storage equipment was supplied and integrated by Trina Storage.

To read the full version of this story, visit PV Tech.

Read Next

October 22, 2026
As demand for battery storage soars, the European Union (EU) has tried to grow its local battery supply chain with mixed success so far, writes PV ESS analyst Charlotte Gisbourne.
October 21, 2026
Deye, EVE Energy and Ganfeng Lithium are among Chinese energy storage players to recently release Q3 2026 financial results, with all three reporting robust growth.
October 21, 2026
Two major schemes will drive Southeast Asian country’s deployments but require close examination, writes Flora Zhang, market analyst at Malaysia Energy Storage Association (MESA).
October 19, 2026
Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.
October 7, 2026
The first half of the year saw mixed results among China’s leading ESS suppliers, though generally the industry is still performing strongly, writes PV Tech ESS analyst Charlotte Gisbourne.