Siemens to build wind blade factory in Egypt

German OEM and Egyptian government will build and install 2 GW of wind power as part of long-term power generation plan.

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Siemens (Munich, Germany) and the Egyptian government have agreed to build and install 2 GW of wind power capacity, and Siemens will build a factory in Egypt to build wind turbine rotor blades as part of a larger memorandum of understanding, increasing Egypt's power generation capacity by one-third and creating up to 1,000 jobs.

“Egypt needs a powerful and reliable energy system to support its long-term,
sustainable economic development, and experienced partners who understand the
specific challenges facing the country”, said Siemens CEO Joe Kaeser. “Siemens’ technology and expertise has been supporting Egypt’s growth for more than 150 years, and our track record shows that we deliver what we promise - also in challenging times. We are part of Egypt’s society and proud to shape Egypt’s future together."

"Wind power is clean and renewable, and will strengthen Egypt's energy security at
this important point in its history. Adding two gigawatt will be a significant step
towards diversifying the country’s energy mix”, said Markus Tacke, CEO Siemens
Wind Power and Renewables Division. "Egypt has great potential for wind power
generation, especially in the Gulf of Suez and the Nile Valley", Tacke added. "We
are proud to be working with the government and people of Egypt to tap this
potential." The Egyptian government plans to expand wind capacity over
the coming years as part of a plan to increase wind generation to 7.2 GW by 2020.