2000MW! SANY Group Signs Major Wind Power Project Cooperation Agreement with Egypt

en.Wedoany.com Reported - On June 23, SANY Renewable Energy signed a memorandum of understanding with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to build Egypt's first wind turbine manufacturing plant in the Suez Canal Economic Zone and develop a 2000 MW wind power project in the northern Gulf of Suez.

According to the memorandum of understanding, the wind turbine manufacturing plant will produce turbines and related components to serve local wind power projects in Egypt, with surplus capacity exported to regional markets. The plant is planned to have an annual production capacity of 2 GW and is expected to be completed within two years after the final agreement is signed. Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony. Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat stated that the wind turbine manufacturing plant will be built to the highest international standards, achieving localized production of core wind power equipment.

The accompanying 2000 MW wind power project will be implemented using the Egyptian local currency and is planned to be connected to Egypt's national grid approximately 23 months after the final agreement is signed. Egyptian officials stated that the project is a key initiative for Egypt's energy transition and industrial localization upgrade. The establishment of the wind turbine manufacturing plant will address shortcomings in the wind power industry chain and reduce dependence on equipment imports. Egypt plans to increase the share of renewable energy in its power generation to 45% within the next two years.

The signed memorandum of understanding is a phased achievement following high-level meetings in January 2026 and technical consultations in May between the two parties. With the establishment of the wind turbine manufacturing plant and the advancement of the 2000 MW wind power project, Egypt is expected to transform from a wind power equipment importer into a regional industrial hub with local manufacturing capabilities.

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