Alcazar Energy Partners (AEP) has signed a Share Sale and Purchase Agreement (SPA) with Siemens Gamesa Renewable Energy (SGRE) to formalize their partnership and join the 500 MW NIAT wind farm as equity partners for its final development, construction, and operation.
The project is expected to generate up to 2.5 TWh of clean electricity, avoid over 1.2 million tonnes of CO₂-equivalent emissions each year, and produce enough energy to power up to 280,000 households. AEP and SGRE will collaborate closely during the advanced development phase by combining technical, commercial, and execution expertise to progress the project towards financial close and construction.
Country updates
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September 17, 2025
Financing received for 200 MW Onshore Wind Farm in Egypt
The EBRD delivers a US$74.1 million financing package for Infinity Power’s 200 MW wind farm in Ras Ghareb, Egypt.
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June 24, 2025
AMEA Power Secures Financing for Egypt’s First Utility-Scale Battery Storage Project
AMEA Power has announced the financial close of the 300MWh utility-scale Battery Energy Storage System (BESS) project located in Egypt. The BESS Project is an extension of AMEA Power’s operation...
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June 24, 2025
Financial close reached for 1.1 GW hybrid solar and battery storage project in Egypt
Scatec ASA has reached financial close for the 1.1 GW “Obelisk” hybrid solar and battery storage project in Egypt.
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June 16, 2025
500 MW Onshore Wind Project Commissioned in Egypt
AMEA Power announced the successful commissioning of its 500 MW Wind Power Plant located in Ras Ghareb in the Red Sea Governorate, Egypt.
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May 16, 2025
Scatec starts construction of large scale solar and battery storage project in Egypt
Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The project will be constructed in two phases. The first phase of 561 MW s...
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