Sungrow Power Supply(SZ:300274) 中关村储能产业技术联盟·2026-01-13 03:49Core Viewpoint - The Egyptian government has signed agreements totaling over $1.8 billion with Scatec and Sungrow Power to develop large-scale solar and energy storage projects, marking a significant step in expanding clean energy capacity and localizing the renewable energy supply chain in Egypt [2][4]. Group 1: Project Details - Scatec will develop the "Energy Valley" project in Minya, which includes a large-scale integrated solar and energy storage power station [2]. - Sungrow Power will establish a battery storage system manufacturing plant in the Suez Canal Economic Zone (SCZONE) to support the project and regional market [2][4]. - The Energy Valley project aims to achieve a total installed capacity of 1.7 GW (AC) of solar power and a battery storage system of 4 GWh, making it one of the largest integrated clean energy projects globally [5]. Group 2: Local Manufacturing and Employment - The manufacturing facility by Sungrow Power in Egypt will be the first battery storage system manufacturing base in the Middle East and Africa, covering approximately 50,000 square meters and expected to create around 150 direct jobs [5]. - The plant is projected to have an annual production capacity of 10 GWh and is scheduled to commence operations in April 2027 [5]. Group 3: Financing and Support - The project has received preliminary financing agreements from multilateral development financial institutions, including the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the African Development Bank (AfDB) [6]. - The agreements signify strong support for the Energy Valley project, aligning with Egypt's strategy to localize renewable energy manufacturing and enhance energy security [2][6].