Prime Minister Mostafa Madbouly today witnessed the signing of a memorandum of understanding (MoU) to establish Egypt’s first wind turbine manufacturing plant and develop a 2,000-megawatt wind power project in the North Gulf of Suez region.
The agreement was signed between China’s SANY
Renewable Energy, which specialises in advanced wind turbine manufacturing technology, and Egypt’s Electricity Transmission Company and the New and Renewable Energy Authority.
Under the agreement, the parties will establish Egypt’s first wind turbine manufacturing facility to supply locally produced equipment for wind energy projects and export surplus production to regional markets.
The signing ceremony was attended by Mahmoud Esmat, Minister of Electricity and Renewable Energy.
The MoU forms part of Egypt’s broader strategy to support local industry, localise advanced technologies, and increase the share of locally manufactured components in renewable energy projects.
It also supports the expansion of the electrical equipment industry and the implementation of solar and wind energy projects in local currency, while leveraging Egypt’s trade agreements to export to African and Middle Eastern markets.
The agreement also includes the development of a 2,000 MW wind power plant, financed and implemented in Egyptian pounds, in line with the country’s national energy strategy. Egypt aims to increase the share of renewable energy in its overall energy mix to 45% within the next two years.
On the sidelines of the signing, Prime Minister Madbouly highlighted the strategic importance of renewable energy projects in strengthening Egypt’s electricity sector and diversifying energy sources. He noted that localising renewable energy-related industries is a key pillar of energy security and the country’s green transition.
Madbouly added that President Abdel Fattah El-Sisi regularly follows up on renewable energy projects, while the government continues to coordinate with relevant state entities and local and international private-sector partners to deliver projects under the national energy strategy.
He also stressed Egypt’s focus on implementing solar, wind and energy storage projects in local currency, alongside plans to expand energy storage systems in order to maximise the value of renewable energy generation and enhance the stability of the national electricity grid.
Minister Mahmoud Esmat said that localising electrical equipment manufacturing, particularly for renewable energy projects, supports Egypt’s direction toward implementing solar and wind projects in Egyptian pounds. He added that the Ministry of Electricity is currently working on the requirements needed to determine the local manufacturing share in this sector.
Esmat explained that the agreement includes the construction of a wind turbine manufacturing plant meeting the highest international standards, with an annual production capacity of 2 GW. The facility is expected to be completed within a maximum of two years from the signing of the agreements.
The 2,000 MW wind power project is expected to be connected to Egypt’s national electricity grid within a maximum of 23 months from the signing date.
The minister noted that Egypt has a large and growing market for solar and wind power projects, supported by strong trade relations that can help open access to markets across the Middle East and Africa.
