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Medbouli attends wind energy MOU signing
Prime Minister Mostafa Madbouly attended the signing ceremony of a memorandum of understanding for establishing the first wind turbine factory and launching a 2,000-megawatt wind energy project in the North Suez Gulf region. The initiative aims to support the renewable energy industry, localize technology, and enhance domestic production capabilities. The agreement was signed between Chinese company Sany, which possesses advanced technology, and the Egyptian Electricity Transmission Company, along with the New and Renewable Energy Authority. The goal is to manufacture and export wind energy equipment using the Egyptian pound, aligning with the state's strategy to achieve a 45% contribution of renewable energy in the energy mix.
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