Eight days in late June gave MENA wind a milestone at five layers of its value chain.
Manufacturing. Sany signed an MoU with EETC and NREA on June 24 covering a 2 GW turbine factory in Egypt and a 2 GW Gulf of Suez wind farm, financed in Egyptian pounds. If it reaches final agreements, a Chinese OEM’s local factory comes with a 2 GW wind farm attached.
Procurement architecture. Türkiye published draft rules on June 22 for its first 1 GW offshore auction. Four candidate sea areas, a $0.07 to $0.11 per kWh price band, 49-year concession, 25 percent domestic content, public consultation to August 17. We know of no earlier auction in the wider region that puts a price band, bid bond and delivery clock against offshore wind.
Investability underwriting. MIGA agreed to provide $193.3 million in political risk cover for ACWA Power’s stake in the 1.1 GW Suez wind farm, layered onto a $704 million EBRD, AfDB, BII, and DEG senior debt facility.
Overseas sponsorship. Masdar broke ground on the 1 GW Zhambyl wind farm in Kazakhstan on June 29 with $1.4 billion committed and a 600 MWh BESS, plus a roadmap for the country’s first round-the-clock clean energy project for AI data centre baseload.
Physical delivery. Saudi Arabia grid-synced all 80 Al Ghat 7.7 MW turbines by June 10 and all 67 Waad Al Shamal 7.7 MW turbines by June 25. Both are Marubeni and Ajlan and Bros joint ventures under 25-year SPPC PPAs, and Al Ghat holds the world-record LCOE at $15.66 per MWh.
Five layers, eight days. Which one looks most fragile going into H2?
