Core Insights - ELITE Solar has launched a new 5GW photovoltaic production facility in Egypt's Suez Canal economic zone, marking a significant milestone in the company's global expansion strategy [1] Group 1: Facility Details - The facility has a capacity of 2GW for high-efficiency solar cells and 3GW for solar modules, creating a fully integrated production platform to serve customers in utilities, commercial, and industrial sectors worldwide [2] Group 2: Strategic Importance - The Egyptian Prime Minister, Dr. Mostafa Madbouly, attended the official inauguration, highlighting the project's significance for Egypt's renewable energy and industrial development goals, while also promoting local workforce development and enhancing the region's role in the global clean energy supply chain [3] Group 3: Customer Engagement - On January 23, ELITE Solar welcomed regional customers, strategic suppliers, and industry partners to tour the production lines for N-type solar cells and modules, discussing supply chain coordination, production planning, local sourcing, and long-term collaboration with a focus on operational reliability and scalable manufacturing [4] Group 4: Leadership Statement - Arndt E. Lutz, CEO of ELITE Solar USA, stated that the facility strengthens the company's global production presence and commitment to reliable, market-ready solar supply, combining advanced N-type technology with integrated production to support customers with consistent quality and long-term reliability across multiple markets [5] Group 5: Growth Strategy - The new facility in Ain Sokhna is a key component of ELITE Solar's international growth strategy, which integrates technological leadership and global standards with local manufacturing in strategic regions, enabling the company to respond efficiently to customer demand across the MENA region, Europe, and North America [5][6] Group 6: Company Overview - Founded in 2005, ELITE Solar is a global provider of high-efficiency, intelligent solar solutions for utilities, commercial and industrial facilities, and households, with headquarters in Singapore and a branch in California, operating integrated production facilities in Vietnam, Indonesia, and Egypt, covering the entire value chain from wafer to module [7]