According to a statement by Egypt’s Ministry of Electricity and Renewable Energy, the deal with GCL will involve investments of over US$500 million. Kemet's battery manufacturing deal will inmvolve another US$200 million while details on the TBEA inverter deal were not shared. JA Solar had earlier confirmed start of work on a solar PV cell, module and energy storage manufacturing hub in the Suez Canal Economic Zone. The setup is a joint venture between JA Solar, the Egyptian firm AH, the UAE investor Global South Utilities, and Infinity Capital from Bahrain. In response to the surge in demand, the region is rapidly adopting a vertically integrated model for solar manufacturing, similar to China’s successful approach.

Source: The North Africa Journal January 21, 2026 04:29 UTC