The Suez Gulf coast has abundant wind energy resources and is the core area for wind power development in Egypt. The local government continues to promote the layout of renewable energy and develop wind power projects based on the BOO model, attracting international capital and equipment service providers to participate. Based on the project experience accumulated in the Egyptian market, Goldwind Technology is no longer limited to exporting wind turbine equipment, but extends its business to localized installation, commissioning, and long-term operation and maintenance. The implementation of this agreement marks the continuous upgrading of the domestic wind power equipment's overseas model, and also opens up long-term localized market opportunities for domestic wind power supporting enterprises.

Clear division of labor in the agreement

On November 5, 2026, Goldwind International Renewable Energy, a subsidiary of Goldwind Technology, signed an agreement with Goldwind Egypt as a joint supplier, with a total performance guarantee limit exceeding 2.7 billion yuan. The supply and installation guarantee shall not exceed 2.159 billion yuan, and the long-term operation and maintenance guarantee shall not exceed 568 million yuan. The business is divided into three parts: offshore supply, onshore installation, and long-term operation and maintenance. The dual entities are responsible for adapting to local tax, customs clearance, and labor regulations. The operation and maintenance guarantee period is until August 27, 2038.

Stable chassis of the project

The project is located in the Ras Shukel area of the Gulf of Suez in Egypt, with a planned installed capacity of 900MW. It adopts a construction and operation mode and has signed a 25 year power purchase agreement. It holds the Egyptian Gold License and aims to be completed by November 1, 2028. The first batch of wind turbines is scheduled to arrive at the site by the end of 2026. The project is developed by a consortium of multiple overseas enterprises, and Goldwind Technology is only responsible for equipment supply and operation and maintenance, and does not belong to the project investor.

Long term market opportunities

The 12 year operation and maintenance cycle will continue to release the demand for spare parts and consumables. Domestic supporting manufacturers have two supply chain access paths, namely group centralized procurement and local development in Egypt. The operation and maintenance service level of this project will also affect the competitiveness of Goldwind Technology in participating in subsequent wind power projects in Egypt. Supporting enterprises will coordinate with local teams in advance to layout overseas warehouses, which is expected to continue to explore order opportunities. Keywords: Goldwind Technology, Egyptian Wind Power, Wind Power Going Global

The Chinese wind power industry chain is expanding overseas and shifting from selling disposable equipment to providing long-term localized operational services. The landing of Goldwind Technology's project in Egypt is an important practice for domestic wind power leaders to deeply cultivate the North African new energy market. Relying on mature equipment technology and localized service capabilities, we will continue to improve our overseas delivery system, which not only helps Egypt's low-carbon energy transformation, but also opens up stable overseas growth space for domestic wind power upstream and downstream enterprises.Editor/Li Xiaohua