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Deputy Qansoaa on Sungrow Factory Significance
Egypt has established the "Sungrow" factory for energy manufacturing and storage in the Suez Canal Economic Zone, with investments totaling up to $50 million. This initiative reinforces the country's efforts to shift towards an economy based on clean and renewable energy. It is the first of its kind in the Middle East and Africa, aiming to localize energy storage technology and reduce reliance on imports. The project contributes to stabilizing the national power grid, increasing the capacity to accommodate renewable energy sources, and strengthening the Egyptian-Chinese partnership to attract additional investments in the renewable energy sector. This accelerates the achievement of sustainable development and the localization of technological industries in Egypt.
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