Alcazar Energy Partners, a leading independent investor in renewable energy across growth markets, announces the signing of a Memorandum of Understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) for the development of a 2 GW onshore wind power project in Egypt.
This collaboration reinforces Alcazar Energy Partners continued commitment to advancing Egypt’s energy transition through investment in renewable energy infrastructure. This landmark project will produce enough clean electricity to power over 1.3 million households and will directly support Egypt’s renewable energy aims to bolster its sustainable power generation.
The 2GW wind power project will play a vital role in supporting Egypt’s 2030 Vision for renewable energy and environmental sustainability, creating up to 12,500 construction jobs and 1,170 full time operation jobs.
Once built, the project will prevent the release of up to 4.7 million tons of CO2 emissions annually.
Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners, 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. This project will not only deliver substantial environmental benefits but will also advance Egypt’s domestic goals by creating jobs and fostering local expertise.”
