Alcazar Energy Partners (AEP), a leading independent infrastructure fund manager focused on utility scale renewable energy projects in growth markets, has signed a share sale and purchase agreement (SPA) with Siemens Gamesa Renewable Energy (SGRE) to formalise their partnership and...

Alcazar Energy Partners is in reportedly in advanced discussions to acquire the 500-MW Niat wind project in Egypt from Siemens Gamesa, a move that would deepen its presence in the Gulf of Suez wind corridor.

Dubai-based independent renewable energy company has a 411MW portfolio of projects in Egypt and Jordan

Egypt, NREA, and EETC have signed agreements with Alcazar Energy to develop, operate, and maintain the 580 MW Gabal El-Zeit wind farm with USD 420 million in investment.

Egypt has signed two memoranda of understanding (MoUs) for the development of 5.2 GW of renewable energy capacity in the country. The deals were signed on the sidelines of COP29 in Baku, Azerbaijan. The first agreement was signed between Egypt’s...

CAIRO — Egypt has taken a significant step toward implementing its evolving State Ownership Policy after signing agreements with Alcazar Energy to invest, operate and manage the 580 MW Gabal El-Zeit wind farm on the Red Sea coast under a $420 million transaction. Gabal El-Zeit is among Egypt’s largest wind-energy projects and forms part of […] The post Alcazar Energy’s $420mn Gabal El-Zeit Deal Signals Reform Shift appeared first on The Middle East Observer.

Egypt’s New and Renewable Energy Authority and the Egyptian Electricity Transmission Company have signed investment, operation, and power purchase agreements with UAE-based sustainable infrastructure fund Alcazar Energy for the 580MW Gabal El Zeit wind power plant in the Red Sea region, according to a government statement quoted by Asharq Business on June 9. The Gabal El Zeit complex features an advanced radar monitoring system designed to protect ecosystem biodiversity by automatically shutting down the wind turbines when migratory bird flocks pass through the area. Under the terms of the agreement, Alcazar will invest, operate, and manage the assets of the Gabal El Zeit plant through a project company established under Egyptian law. The total investment value of the project stands at $420mn, to be entirely financed from foreign sources. The foreign partner assumes full responsibility for technical operations, management, and maintenance to maximise asset utilisation. Furthermore, the contract mandates refurbishment and efficiency upgrades, ensuring the plant’s installed capacity remains at a minimum of 580MW throughout the contractual period. For its part, the Egyptian Electricity Transmission Company will purchase all energy generated during the contract years. The deal aligns with Egypt's State Ownership Policy, which aims to support private sector participation and maximise returns on state-owned assets. It also supports the National Energy Strategy, which seeks to reduce reliance on fossil fuels and increase the share of renewables in the energy mix to 45% within the next two years.

The UAE-based Alcazar Energy is in negotiations with the Sovereign Fund of Egypt and the Egyptian Ministry of Electricity to finalise the acquisition of the Gabal El-Zeit wind power complex on the Red Sea coast, Asharq Business reported on January 6, citing government sources. The transaction is expected to be valued at up to $350mn. Alcazar submitted the highest financial bid in the privatisation process, according to the source. The UAE firm ranked first among five regional and international bidders that conducted due diligence on the asset and expressed interest in acquiring the project, which has a total installed capacity of about 580 MW. Alcazar Energy is a leading independent sustainable infrastructure fund based in the UAE that specialises in developing, financing, and operating utility-scale renewable energy projects, particularly solar and wind, across emerging markets in the Middle East, Africa, and Europe. The Gabal El-Zeit wind complex comprises three separate plants. The first, with a capacity of 240 MW, was developed in cooperation with KfW and the European Commission. A second plant of 220 MW was supported by the Japan International Cooperation Agency (JICA), while a third 120 MW facility was financed by the Spanish government. Negotiations are expected to conclude before the end of Q1 2026. The competing bidders included ACWA Power, Actis, Alacazar, alongside a Malaysian company and a European consortium. The potential sale forms part of Egypt’s broader strategy to monetise state-owned assets, attract foreign investment and expand private sector participation in the renewable energy sector, as the country seeks to boost clean energy capacity and ease pressure on public finances. Egypt is significantly expanding its capacity by commissioning massive new facilities for clean energy, including a landmark 2 GW project, as part of a strategic goal to source over 40% of its electricity from renewable energy by 2030.

Renewable-energy investor Alcazar Energy Partners (AEP) is in advanced discussions to acquire the 500-MW Niat wind-farm project in Egypt from Siemens Gamesa Renewable Energy, an onshore wind developer now fully owned by Siemens Energy AG (ETR:ENR), according to RenewablesNow and other trade press reports. The Niat project, located in Egypt’s Gulf of Suez wind corridor, is one of several large-scale wind schemes intended to support Cairo’s plan to raise the share of renewables in the generation mix under its 2030–2035 energy strategies. Siemens Gamesa is understood to have originated and advanced the project before the proposed transfer of development rights to Alcazar. Sector sources indicate that any deal structure is likely to involve the acquisition of project rights or the special-purpose vehicle holding the Niat asset, subject to approvals from Egyptian authorities and the New and Renewable Energy Authority (NREA). It remains unclear whether a binding share purchase agreement has been signed, or whether the parties are still at term-sheet or exclusivity stage. The project is expected to feed into the national grid through existing and planned transmission upgrades in the Gulf of Suez region, a key hub for Egypt’s wind pipeline. However, timelines for financial close and construction have not been publicly confirmed, and large onshore wind projects in the country have frequently faced multi-year permitting, grid-integration and financing delays. Alcazar Energy Partners focuses on utility-scale renewable assets in emerging markets across the Middle East, North Africa and Eastern Europe, typically entering projects at early or mid-stage development. The proposed Niat acquisition would fit its strategy of acquiring and de-risking sizeable wind pipelines in jurisdictions with established regulatory frameworks and long-term offtake arrangements.