As an important step in Egypt’s sustainable energy development, the Egyptian EliTe solar project, led by Broad New Energy, recently held a groundbreaking ceremony in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone. This ambitious move is not only a key step in Broad New Energy’s globalization strategy, but also an important measure for Egypt to improve the level of its photovoltaic industry. The project is expected to introduce advanced manufacturing technology into the local market, thereby promoting the upgrading of the industrial chain and providing strong support for Egypt’s goal of achieving 42% renewable energy by 2030.
Liu Jingqi, Chairman of Broad New Energy, said that the Egyptian project is an important part of the company’s international expansion strategy and is of great significance. He stressed that Broad New Energy is firmly committed to promoting the development of the new energy industry and the importance of cooperation with local stakeholders. Liu Jingqi thanked the Egyptian Special Administrative Region Government, the Chinese Embassy in Egypt and TEDA Park for their firm support, and promised to uphold the principle of “focusing on value and exporting expertise” and work with partners to promote the energy transformation in the Middle East.
The EliTe Solar project covers an area of 78,000 square meters and will establish a 2GW solar cell and 3GW solar module production line. The project is expected to be operational in September 2025 and is expected to generate 500 million kWh of electricity per year. This extraordinary achievement is equivalent to saving approximately 307 million tons of standard coal and reducing carbon dioxide emissions by the same amount as planting 84 million trees. These data highlight not only the environmental benefits of the project, but also its potential to make Egypt a leading photovoltaic manufacturing center in the Middle East and North Africa.
Li Daixin, Chairman of Sino-African TEDA Investment Co., Ltd., agreed with Liu Jingqi’s views, saying that the EliTe Solar project will greatly enhance Egypt’s photovoltaic industry chain. He pointed out that the project will provide important support for the global new energy development pattern and consolidate Egypt’s key position in the field of renewable energy. The cooperation between Chinese and Egyptian companies reflects the potential of international partnerships in addressing global energy challenges.
In his speech, Walid Gamal Eldean, Chairman of the Egyptian Special Region Government, stressed the transformative impact of EliTe Solar on Egypt’s energy structure. He stressed that the introduction of advanced manufacturing technology will enhance the competitiveness of the local photovoltaic industry and is in line with Egypt’s 2030 sustainable development vision. The Egyptian government has been actively promoting green initiatives, including the establishment of green industrial parks and the launch of a low-carbon hydrogen energy strategy, further consolidating the country’s commitment to a sustainable future.
The EliTe Solar project is a reflection of China’s growing influence in the global energy sector. China’s new energy industry has demonstrated outstanding strength in open competition, and its advanced production capabilities have not only enriched the global supply chain, but also eased global inflationary pressures. The project reflects China’s commitment to addressing climate change and promoting global green transformation.
From a broader perspective, the development of China’s new energy sector reflects the country’s strong commitment to sustainable development. The EliTe Solar project vividly illustrates how international cooperation can generate huge benefits, not only for the participating countries, but also for the international community. By leveraging China’s advanced manufacturing expertise, Egypt is expected to enhance its energy infrastructure and contribute to the global transition to renewable energy.
As the world grapples with pressing challenges like climate change and energy security, initiatives like the EliTe Solar project highlight the importance of an energy-based society. The convergence of advanced technologies and sustainable practices will not only drive economic growth, but also promote environmental stewardship. The collaboration between Boda New Energy and Egyptian authorities exemplifies the potential of countries working together to achieve a common goal: a cleaner, greener, more sustainable future.
In conclusion, the EliTe Solar Egypt project is a major milestone in the global renewable energy sector. It highlights the advantages of an energy-based society and demonstrates the important role China plays in promoting global sustainable development. As the project progresses, it is expected to become a model for future cooperation, paving the way for a more sustainable and energy-efficient world.
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Post time: Dec-21-2024