November 21st, 2025 | Cairo, Egypt
Alcazar Energy Partners Announces the formalisation of a partnership agreement with Siemens Gamesa Renewable Energy (“SGRE”) for the final development, construction and operation of its 500 MW NIAT Wind Project in Egypt
Cairo, 20.11.25: 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 formalize their partnership and join the NIAT wind farm as equity partner for its final development, construction, and operation. Upon completion of the transaction and required
approvals, Alcazar Energy will assume full ownership and operational responsibility for the project. Siemens Gamesa, which initiated and advanced the project, will continue as a strategic partner during the final stages of development and is anticipated to provide turbine technology and related services under the partnership framework. This announcement builds on AEP’s existing commitment to developing high quality and reliable renewable energy in Egypt and across the MENA region. The development of the NIAT wind project will directly benefit Egypt’s economy and its goal reaching 42% renewable electricity generation mix by 2030.
Once fully operational, 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 clean energy to power up to 280,000 households.
AEP and SGRE will collaborate closely during the advanced development phase, combining their respective technical, commercial and execution expertise to progress the project towards financial close and construction. The project, which will create up to 2,500 jobs during construction and operation, has already received strong interest from several development financial institutions. Together, AEP and SGRE aim 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: “Siemens Gamesa has played a central role in installing large scale wind projects across the region and we are pleased to partner with them once again as we advance the NIAT wind farm. This project is an important contribution to Egypt’s clean energy transition and a strong addition to Alcazar Energy Partner’s growing portfolio. We are also pleased to draw on Siemens Gamesa’s expertise as we work to deploy their turbines technology in the country”.
AEP has been an active contributor to Egypt’s renewable energy sector since 2014, becoming the largest equity investor in the landmark Benban Solar Park. AEP developed four projects within the Benban complex, delivering a combined capacity of 256 MWp. In November 2024, AEP signed an agreement with the Government of Egypt, represented by the Prime Minister and the Minister of Electricity and Renewable Energy, together with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) for the development of a 2 GW onshore wind platform in Egypt, marking a significant milestone in the country’s renewable energy expansion.
About Alcazar Energy Partners
Alcazar Energy Partners is a leading independent sustainable infrastructure fund manager specialising in utility-scale renewable energy projects in growth markets. Following the successful exit of its first vehicle, AEP-I, the firm launched AEP-II in 2021, attracting institutional investors from North America, Europe, Asia and the Middle East.
To date, AEP has raised over USD730 million across its two funds, delivering strong returns to investors while creating long term impact for the communities where it operates. Through its investments, AEP has mobilised approximately USD 2 billion of foreign direct investment, enabling the development of more than 3.4 GW of clean energy capacity. These projects collectively avoid 5.3 million tonnes of greenhouse gas emissions annually and generate enough electricity to power more than one million households.
For more information, visit https://alcazarenergy.com
Media Contact:
H/Advisors Dubai: AlcazarEnergy@h-advisors.global
