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.
Why should Egypt invest in solar panels?
Egyptian officials emphasized the role of the facilities in supporting Egypt's renewable energy targets and economic development. JA Solar, a leading solar manufacturer, reported 57 GW in PV module shipments in , with 37.6 GW shipped in the first three quarters of – half to overseas markets.
How does solar energy work in Egypt?
Solar photovoltaic (PV) energy or PV solar energy directly converts sunlight into electricity, using a technology based on the photovoltaic effect. The Egyptian solar PV market is segmented by deployment. By deployment, the market is segmented into on-grid and off-grid.
What are Targray's high-efficiency multicrystalline solar modules?
Targray’s portfolio of high-efficiency multicrystalline solar modules is built to provide EPCs, installers, contractors and solar PV developers with reliable, cost-effective material options for their commercial and utility-scale solar energy projects.
Does Egypt have a solar energy grid?
Egypt connected a large solar energy capacity to the grid over the past few years. Most of this capacity is from large-scale ground-mounted projects. However, several grid-connected small-scale solar system projects are also connected to the grid.
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