China's SANY Renewable Energy, the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA) have signed an MoU to establish a wind turbine manufacturing facility and develop a 2GW wind farm in the Gulf of Suez. The agreement aims to support localizing renewable energy technologies and increasing Egypt's clean energy output, with a goal of reaching 45% renewable energy in the electricity mix within the next two years. The facility will not only meet domestic wind energy project needs but also export excess production to neighboring markets, promoting technology transfer, boosting the use of locally made components in renewable projects, and strengthening Egypt's position as a regional exporter of electrical equipment.
Egypt and SANY sign MoU for 2GW wind farm and turbine plant
Written by
in