Alcazar Energy Partners has signed an agreement to build a 2 GW onshore wind power project in Egypt. The Memorandum of Understanding (MoU) was signed with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA). The project will support Egypt’s energy goals and produce clean electricity for over 1.3 million households.
The new wind project will prevent the release of 4.7 million tons of CO2 annually. It will also create 12,500 construction jobs and 1,170 permanent jobs. The initiative aligns with Egypt’s 2030 Vision for renewable energy and sustainability.
A Partnership for Egypt’s Energy Transition
Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners, emphasized the importance of this collaboration.
He said, “This partnership with EETC and NREA highlights our mutual commitment to supporting Egypt’s energy transition through large-scale, sustainable infrastructure projects.
“Alongside the Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat, and Deputy Minister Ms. Sabah Mashaly, we are working towards a cleaner, greener future for Egypt, advancing the nation’s ambitious renewable energy targets.”
Alcazar Energy Partners is committed to advancing Egypt’s energy transition. Calderon added, “This project will not only deliver substantial environmental benefits but will also advance Egypt’s domestic goals by creating jobs and fostering local expertise.”
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Alcazar Proven Track Record in Renewable Energy
Alcazar Energy Partners is based in Dubai and invests in renewable energy projects in emerging markets. Since 2014, it has built a strong track record in sustainable energy development.
The company previously created Egypt’s largest independent solar portfolio in 2018. Earlier this year, it raised $490 million for its second investment vehicle, AEP-II. The funds were secured from investors in North America, Europe, Asia, and the Middle East.
Alcazar Energy Partners focuses on climate action by developing renewable energy infrastructure worldwide. This new wind project marks another milestone in its mission to build a sustainable future.