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Siemens, GE and Vestas agreements at a standstill in Egypt

There is a need for urgent political action to unleash the Egyptian market, where three major wind turbine manufacturers have made deals for several gigawatts with the government. However one of them is less likely to succeed than the others, say analysts.

Photo: EPFL
BY

In June 2015, Siemens signed a contract for its largest energy order ever. Besides the order of three conventional 14.4 power plants, the German company also installed up to 600 wind turbines across 12 projects – for around 2GW – near the Nile River and Suez Canal in Egypt. The undertaking was so large, that even one of the world's 50 largest companies dubbed it a "Megaproject".

However Siemens was not the only player making large-scale agreements with Egyptian players. Last October, Egyptian media announced that GE entered an agreement with the Egyptian government for 2 GW turbines, while the Danish energy ministry announced two months before that Vestas was poised to sign a memorandum of understanding with Egypt for 2.2 GW.

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