JA Solar will lead the study phase, with investments reaching $138 million for the solar cell manufacturing facility and $75 million for the solar panel factory, which will cater to domestic demand.
This partnership aims to strengthen clean energy infrastructure in both countries, reducing long-term costs and enhancing energy security.
Located about 130 km southeast of Cairo, the Zafarana region is recognized for its strong wind patterns and intense solar irradiation, making it ideal for renewable energy production.
Additionally, another MoU was signed with the Voltalia-Arabia alliance to begin studies for generating 1.1 GW of wind power and 2.1 GW of solar power.
Madbouly highlighted Egypt’s initial steps to foster a supportive environment for renewable energy investment, including establishing a preferential feed-in tariff for electricity, which successfully attracted substantial private investment. Additionally, a comprehensive subsidy reform program was launched, enhancing the competitiveness of renewable energy
