PV (photovoltaic) market is dominated by Europe, especially Germany and Spain. However, the PV industry leaders recently exist in Asia. The huge market growth require industry growth, but with competitive cost. The electricity shortage in Egypt makes transferring to photovoltaic technology necessary, especially with the high solar radiation. The only reason why grid parity is not yet reached in Egypt is the elevated subsidiary of conventional electricity. If this subsidy is transformed to incentives for using and manufacturing solar cells, the situation will vary. This article shows that transferring PV industry to Egypt has a potential of cost saving of 5.7%, which could be translated either into competitive price or higher return on investment. This work is not a feasibility study. However, based on the cost structure of each phase in the PV industry value chain, the benefit (5.7% cost reduction potential) of transferring the industry to Egypt is worthy to accomplish the needed feasibility study.
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