According to foreign media reports on June 18, witnessed by Egyptian Prime Minister Mustafa Madbury, Chinese company Sunrev Solar (Xinlinfei) signed a project contract with TEDA (TEDA Group), which was developed by Xinlinfei. Construction of an industrial complex for the production of solar modules in the Ain Sokhna Industrial Zone of the Suez Canal Economic Zone in Egypt.
It is reported that the project is mainly divided into two stages: the first stage mainly constructs two factories-2GW battery factory and 2GW module factory; the second stage will focus on the localized production of key raw materials (such as silicon ingots and wafers) to complete the entire solar module production value chain. The project covers an area of 200,000 square meters, with a total investment of 200 million US dollars (about 1.437 billion RMB), 90 million US dollars in the first phase and 110 million US dollars in the second phase. A groundbreaking ceremony for
the project was held on June 19, and the first phase is scheduled to start operation in the first half of 2026.
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