Singapore-headquartered EliTe Solar has announced an investment of over $150 million to establish an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. This large-scale facility, covering 78,000 square meters, will focus on producing high-efficiency solar cells and modules. The hub will support both Egypt’s domestic renewable energy needs and international exports, especially to the US. The project will be completed in two phases, with the first phase, scheduled for completion by September 2025, including a 2 GW solar cell production line. Upon full operation, the facility is expected to generate over $190 million in annual sales.