INVESTMENT WATCH- Germany’s Senvion to invest USD 1 bn in wind farms in Egypt: German wind energy company Senvion is looking to invest USD 1 bn to construct wind farms in Egypt over the coming years, Financial Manager Ahmed Elsawaf told the domestic press. The company is currently bidding in a tender for a 250 MW plant in the Gulf of Suez among other projects. Senvion is looking at long-term investments in the country, including potentially setting up a turbine manufacturer when demand justifies it, Elsawaf said.

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