GCL signs MOU for 5 GW solar factory (incl. polysilicon) in Egypt
Egypt’s National Organization for Military Production and China-based GCL Group have signed a Memorandum of Understanding (MOU) to build a 5 GW solar panel factory for $2 billion in Egypt.
Mohamed Saeed el-Assar, State Minister of Military Production, said that the facility would be divided into five stages, reaching from the extraction and purification of Egyptian quartz to the production of silicon metal and polysilicon to the final stage of manufacturing solar cells and panels.
Apart from the fact that the announcement is not more than an MOU without concrete factory location and construction timeframe, the aim of full integration from quartz to solar panels remains doubtful. Similar projects were announced by the Indian groups of Lanco and Adani in the past, but backward integration through to polysilicon production has actually not been implemented.
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