Chinese Solar Firm Sunrev to Build USD 200 Million Plant in SCZone

Chinese solar energy company Sunrev has signed an agreement to establish a USD 200 million manufacturing complex in Ain Sokhna, within the China-Egypt TEDA-Suez Economic and Trade Cooperation Zone — a key part of the Suez Canal Economic Zone.

Spanning 200,000 square metres, the complex will be developed in two phases. The first will involve constructing two factories, each with the capacity to produce 2 gigawatts of solar cells and modules. The second phase will focus on localising the production of raw materials such as silicon ingots and wafers. The project is expected to create 1,800 direct jobs, with operations from the first phase set to begin in the first half of 2026.

Once operational, the facility is projected to generate up to USD 300 million in annual export revenue, serving both regional and global markets.

Founded in 2008, Sunrev operates nine production bases in China’s Jiangsu province and specialises in the development and manufacturing of photovoltaic components, including monocrystalline silicon wafers, high-efficiency solar cells, and large-scale modules. The company is also active in the construction of solar power plants.

The China-Egypt TEDA zone, also established in 2008, has become a key destination for Chinese industrial investment in Egypt, hosting more than 160 companies across sectors such as construction, petroleum equipment, and heavy machinery. It has created over 70,000 jobs and continues to support industrial cooperation between Egypt and China.