The project is expected to prevent the release of up to 4.7 million tonnes of CO₂ emissions annually. Credit: Bits And Splits via Shutterstock.

Alcazar Energy Partners has signed a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to develop a 2GW onshore wind farm in Egypt.

The agreement is expected to bolster Egypt’s sustainable power generation and contribute to the country’s 2030 vision for renewable energy and environmental sustainability.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The project is expected to generate sufficient clean electricity to supply more than 1.3 million households.

The wind power project is anticipated to engage up to 12,500 workers during the construction phase and provide 1,170 full-time jobs once operational.

Upon completion, it is expected to prevent the release of up to 4.7 million tonnes of carbon dioxide (CO₂) emissions annually.

Alcazar Energy Partners co-founder and managing partner Daniel Calderon said: “This partnership with EETC and NREA highlights our mutual commitment to supporting Egypt’s energy transition through large-scale, sustainable infrastructure projects.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Alongside the minister of Electricity and Renewable Energy, Dr Mahmoud Esmat, and Deputy Minister 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.”

Last month, Alcazar Energy Partners acquired rights to 968MW of renewable projects in Serbia through agreements with RP Global.

The deal included Project Celzijus 1, a 200MW wind farm, and a 768MW pipeline of wind and solar projects. The Project Celzijus 1 wind farm, situated in the Western Balkans, is estimated to cost $300m and generate 800 jobs during construction.