Egypt signs historic agreement to establish 1st wind turbine factory

AI Summary

Egypt signed a landmark agreement to establish its first wind turbine factory, accompanied by the launch of a 2,000-megawatt wind power project in the Gulf of Suez region. The project is financed in Egyptian pounds and represents a major step in renewable energy development.

Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a historic memorandum of understanding to establish the country’s first wind turbine factory. Alongside this, a massive 2,000-megawatt wind power project was launched in the northern region of Gulf of Suez, with financing entirely in Egyptian pounds. This initiative is a partnership between Sany, … The post Egypt signs historic agreement to establish 1st wind turbine factory appeared first on Egypt Independent.