Egypt signs deal with China's SANY to build 2,000-megawatt wind project and turbine factory

Egypt has signed a deal with China's SANY Renewable Energy to develop a 2,000-megawatt wind project in the Gulf of Suez, along with its first wind turbine manufacturing plant. The project aims to connect to the national grid within 23 months and the factory may export equipment across Africa and the Middle East. This contrasts with Nigeria's Lambar Rimi wind farm, which took two decades to complete. Experts note that Egypt's project includes local manufacturing and local currency structuring, which could reduce risks. However, concerns remain about technology transfer and potential dependence on Chinese partners.