In a significant step towards promoting green energy solutions in Egypt, Chinese solar energy giant Trina Solar has signed an exclusive distribution agreement with Marizad, an Egyptian solar power solutions provider.
Exclusive Partnership for Renewable Energy
Trina Solar, a leading global manufacturer of solar energy cells, has partnered with Egyptian company Marizad to offer high-quality solar energy solutions to the Egyptian market. Trina Solar, a leading global provider of solar energy solutions, is excited to introduce its innovative solar modules to the Egyptian market. The company will host a grand launch event in Cairo on February 22nd to mark this significant milestone.
Image: Collected
Trina Solar's expansion into Egypt aligns with its vision of promoting global solar adoption and creating a sustainable future. As the world increasingly turns to environmentally friendly energy solutions, solar energy has emerged as a viable and sustainable option.
Marizad, a leading player in Egypt's solar energy sector, is committed to driving innovation and bringing the benefits of solar power to businesses and households. The partnership with Trina Solar will further strengthen Marizad's position in the market and accelerate the growth of Egypt's solar energy sector.
The exclusive distribution agreement between Trina Solar and Marizad is a groundbreaking partnership. By granting Marizad exclusive rights to distribute Trina Solar products in Egypt, this collaboration will enhance accessibility to affordable solar energy solutions for businesses and consumers.
Price Trends and Market Dynamics
El-Maslemi acknowledged the recent decline in global solar cell prices and its potential impact on the Egyptian market. He noted that these lower prices could benefit consumers and manufacturers alike. With the support of the Egyptian government and the country's abundant solar resources, El-Maslemi expressed optimism about the future growth of Egypt's solar energy market.
Amr Bebars, Chairman of Marizad, outlined the company's ambitious growth plans: "By 2025, we aim to achieve a 30% market share in the Egyptian solar market. Marizad plans to penetrate the entire market within the next five years, offering high-quality solar products and services to customers nationwide." Bebars anticipates significant growth in solar energy demand over the next decade, driven by increasing awareness of sustainable living.
This partnership between Trina Solar and Marizad marks a significant step towards Egypt's goal of building a greener, more reliable, and less harmful energy infrastructure. It signals the dawn of a new era of sustainable energy in Egypt.
Aiming to reach $500 million in sales by the end of 2024
Ahmed El-Maslemi, Sales Director for Middle East and Africa at Trina Solar, commented on the inauguration day, "Through this strategic partnership, we believe it will create significant synergies for both companies. We share a vision of building a better future and believe that by working together with Marizad, we can enhance our capabilities to innovate and drive Egypt's solar energy sector forward."
Trina Solar has officially entered the Egyptian market by participating in the Solar & Storage Exhibition, showcasing innovative products including mobile solar cells and energy storage solutions. The company aims to achieve $500 million in sales by the end of 2024, under the leadership of El-Maslemi.