Siemens reportedly offers to build 10 GW wind farm, blade & turbine factory

siemensSiemens has reportedly offered to build a 10 GW wind farm in an undisclosed location in Egypt, according to an unnamed source at the electricity ministry, Al Borsa reported. Siemens is also reportedly set to build a factory to produce blades and turbines for potential export, the source said, adding that the New and Renewable Energy Authority will complete studying the offer in December.

The offer includes potential funding from German banks and “a convenient timeframe” for completion, which would likely lead to the government giving priority to the German firm. Siemens is already building three power plants in Burullus, Beni Suef and the new capital, as well as a 2 GW wind farm worth EUR 2 bn.

(Source: Enterprise.press)

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