- S-Energy of South Korea will develop a solar module production plant in Egypt with 200 MW annual capacity
- It will set up this facility as part of a joint venture with Egyptian businessman Samih Sawiris
- To be located in El Gouna, the fab will cater to the markets of Africa and the Middle East
- The production facility is scheduled to come online by the end of 2019
South Korean solar module manufacturer S-Energy Co., Ltd. has announced plans to set up a module production plant in Egypt with 200 MW annual capacity. The production facilities will be located in El Gouna region of the African country under a joint venture with Egyptian businessman Samih Sawiris.
The facility is expected to start rolling out solar panels by the end of 2019. The partners said they will diversify supply channels from the existing US and European markets to the Middle East and Africa.
With a local production fab in Egypt, both the parties are looking at catering to the markets of Egypt and the Middle East.
In a brief official announcement, S-Energy said, “We will not only strengthen our competitiveness and accessibility to existing markets through our collaboration with Mr Sawiris, but will also approach to various energy business models, including solar energy, to promote diversification and new business opportunities, taking Africa and the Middle East as our business hub, which is expected to be the center of the solar industry in the future.” The company did not mention what kind of modules it plans to produce here.
In December 2018, Mondragon Assembly installed a 60 MW solar PV production line for Arab International Optronics in Cairo, with manufacturing to commence in March 2019 (see 60 MW Production Line Installed In Egypt).
China’s GCL is also eying the market as it signed a MoU with the Egyptian Ministry of Military Production to establish a 5 GW fully integrated PV production fab in the country for $2 billion (see GCL MoU For 5 GW Silicon To Panel Fab In Egypt).