Egypt: China's Sany Group Plans $300 Million Investment to Build Wind Turbine Factory, Supplying Domestic and Regional Markets
¬ Sany Group will invest $300 million in Egypt to build a wind turbine manufacturing plant
¬ The factory will supply Egypt’s domestic market and export to the Middle East and Africa regions
¬ The project supports Egypt’s goals in renewable energy and industrial development
According to a senior Egyptian government official quoted by Asharq Business on Monday, China’s Sany Group plans to construct a wind turbine manufacturing facility in Egypt to serve both the domestic market and broader markets across the Middle East and Africa. The company intends to invest $300 million in building the plant, with the site expected to be located in the Suez Canal Economic Zone—a free trade and logistics hub spanning 461 square kilometers along the Suez Canal.
The initial phase of the factory will produce wind turbines for a planned 1,000-megawatt (MW) wind farm in northern Suez Bay. Before local production commences, key components will continue to be imported from China to support project construction.
This investment is expected to strengthen Egypt’s position as a regional hub for green technology. It also aligns with Egypt’s ambition to expand local participation in renewable energy supply chains and reduce reliance on imports. Egypt aims to increase the share of renewables in its power mix to 42% by 2030 and 60% by 2040.
China’s Industrial Presence in Egypt Grows Stronger
Official data shows that Egypt imported wind turbines and their major components worth over $235 million in 2024. The planned Sany factory reflects a broader wave of Chinese industrial investment in Egypt, particularly in sectors related to energy transition and manufacturing.
In January this year, Chinese enterprise EliTe Solar completed construction of a solar cell component manufacturing plant in the Suez Canal Economic Zone, with a total investment of $116 million. The facility includes a solar cell production line with an annual capacity of 2 gigawatts (GW) and a solar module production line with a total capacity of 3 GW.
Additionally, a consortium comprising Chinese giant JA Solar, Egyptian company AH Solar, UAE’s Global South Utilities, and Bahrain’s Infinity Capital Fund broke ground in December 2025 on a comprehensive industrial park integrating the manufacturing of solar cells, photovoltaic modules, and energy storage systems.
The project, named ATUM Solar, is located in the TEDA Egypt Industrial Zone in Ain Sokhna and spans 200,000 square meters. Developers report the total investment amounts to $220 million.
Data provider GlobalData forecasts that Egypt’s solar capacity will grow from approximately 2.9 GW in 2025 to 34.3 GW by 2035. During the same period, wind energy capacity is expected to reach 15.1 GW, up from around 3 GW in 2025.
Source: ecofinagency
Original: toutiao.com/article/1867090359625792/
Disclaimer: The article represents the views of the author(s) alone