On August 27, Egyptian Prime Minister Mustafa Madbouly witnessed the signing of the land use rights contract for the "Atom Solar Egypt" project in the Suez Canal Economic Zone (SCZONE), marking the official launch of the integrated solar industrial park with a total investment of US$220 million.

Jointly developed by investors from Egypt, China, Bahrain, and the United Arab Emirates, the project will be located in the Sokhna Industrial Zone, covering 200,000 square meters and scheduled for completion over three years. The project's core facilities include three factories with an annual production capacity of 2 GW of solar cells, 2 GW of photovoltaic modules, and 1 GWh of energy storage systems. The solar cells will be exported entirely to global markets, while the photovoltaic modules will be primarily supplied to Egypt, the Middle East, and Africa. The project is expected to create 841 direct jobs and will increase product localization by using Egyptian raw materials such as aluminum and glass.

As a technology investor, JA Solar Technology will provide core process support for the project. JA Solar previously provided all high-efficiency modules for Africa's largest solar-plus-storage project, the "Abydos Phase II 1GW+600MWh" project, and participated in the construction of the 560MW Kom Ombo photovoltaic power plant. Furthermore, Global South Utilities of the UAE, Infinity Capital of Bahrain, and AH Industrial Management of Egypt will complement each other in funding and operations to facilitate the full implementation of the project.

SCZONE Chairman Jamal al-Din stated that the project represents a "qualitative leap" for Egypt's solar industry, marking a shift from reliance on imported equipment to localized manufacturing. He emphasized that SCZONE has attracted over $6 billion in investment, 42% of which comes from China, through policies such as tax incentives, gradually forming a new energy industry cluster. Prime Minister Madbouly stated that Egypt, with its advantageous sunlight and policy support, is becoming a regional hub for the global green economy. Similar projects will accelerate the achievement of the goal of 42% renewable energy share by 2030.

Egypt, a leading destination for solar energy investment in Africa, has already completed landmark projects such as the 560MW Phase I Abydos and the 200MW Kom Ombo project. The launch of the "Atom Solar Egypt" project will further consolidate Egypt's position in the African solar market and provide strong support for Egypt's transformation from an energy consumer to a technology exporter.