RIYADH: Egypt and China’s SANY Group has signed a memorandum of understanding to develop the country’s first wind turbine manufacturing facility and a 2-gigawatt wind power project in the North Gulf of Suez region.
The agreement, inked on Egypt’s behalf by the Egyptian Electricity Transmission Co. and the New and Renewable Energy Authority, partners them with China’s SANY Group, which specializes in cutting-edge wind turbine manufacturing technology.
It aims to supply locally manufactured equipment and components for domestic wind energy projects while exporting surplus output to regional and international markets, according to a statement.
The deal forms part of Egypt’s broader strategy to localize advanced technologies, increase the share of locally manufactured components in renewable energy projects, expand the electrical equipment manufacturing sector, and leverage the country’s trade agreements to export renewable energy products to Africa and the Middle East.
The newly signed pact also supports Egypt’s accelerated clean energy ambitions. Earlier this year, Prime Minister Mostafa Madbouly said the government aims to raise the share of renewable energy in the country’s electricity mix to 45 percent by 2028, bringing forward its previous 2030 target.
