EliTe Solar, a Singapore-based PV manufacturer, held a groundbreaking ceremony for a 5 GW facility in Egypt’s TEDA Suez Economic Zone. The facility, covering 78,000 square meters, was planned to begin production in September 2025, with 2 GW solar cell and 3 GW solar module production lines. The project aimed to strengthen Egypt’s solar supply chain, enhance export capacity, and support the country’s goal of achieving 42% renewable energy by 2030. Once operational, it was projected to generate 500 million kWh annually, save 307 million tonnes of coal, and offset emissions equivalent to planting 84 million trees.
TEDA Suez announced the start of EliTe Solar’s 5 GW PV project in Egypt.
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)
European Energy connected the 175 MW Holsted Solar Park to Denmark’s high-voltage grid using advanced technical installations. (Image Source: European Energy)