Alcazar Energy, Siemens Gamesa sign agreement for 500-MW wind project in Egypt
Updated 11/23/2025 10:19:00 AMArab Finance: Alcazar Energy Partners has signed a share sale and purchase agreement with Siemens Gamesa Renewable Energy (SGRE) to construct and operate the 500 MW NIAT wind project in Egypt, according to a press release.
Under the partnership framework, Alcazar Energy will assume full ownership and operational responsibility for the project.
Meanwhile, Siemens Gamesa will continue its role as a strategic partner during the final stages of development and provide turbine technology and related services.
The development of the NIAT wind project will directly benefit Egypt’s economy and boost its target to reach a 42% renewable electricity generation mix by 2030.
Upon operating, the project is expected to generate up to 2.5 TWh of clean electricity, eliminate 1.2 million tons of CO?-equivalent emissions annually, and produce enough clean energy to power up to 280,000 households. It will also create up to 2,500 jobs during construction and operation.
The two entities will join forces to deliver a high-quality, utility-scale wind project that supports Egypt’s renewable energy objectives.
Daniel Calderon, Co-founder and Managing Partner of Alcazar Energy Partners, said: “This project is an important contribution to Egypt’s clean energy transition and a strong addition to Alcazar Energy Partners’ growing portfolio.”
This builds on Alcazar Energy's commitment to developing high-quality and reliable renewable energy in Egypt as well as the MENA region.
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