OEM anticipated to provide turbines for giant wind farm under deal
Alcazar Energy Partners (AEP) has signed a share sale and purchase agreement with Siemens Gamesa Renewable Energy (SGRE) to formalise their partnership for the final development, construction and operation of the 500MW NIAT Wind Project in Egypt.
AEP said that upon completion of the transaction and required approvals it will assume full ownership and operational responsibility for the project.
The company said 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.
AEP said the announcement builds on its commitment to developing renewable energy in Egypt and across the MENA region.
The company said the NIAT wind project will directly benefit Egypt’s economy and its goal of reaching a 42% renewable electricity generation mix by 2030.
AEP said the project is expected to generate up to 2.5TWh of clean electricity, avoid over 1.2 million tonnes of CO?-equivalent emissions each year and produce enough energy to power up to 280,000 households.
The company said 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.
AEP said the project will create up to 2,500 jobs during construction and operation and has already received strong interest from several development financial institutions.
The company said the partners aim to deliver a high quality utility-scale wind project that supports Egypt’s renewable energy objectives.
Daniel Calderon 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 said it has been an active contributor to Egypt’s renewable energy sector since 2014 and is the largest equity investor in the Benban Solar Park, where it developed four projects delivering a combined capacity of 256MWp.
The company said that in November 2024 it signed an agreement with the Government of Egypt, represented by the Prime Minister and the Minister of Electricity and Renewable Energy together with EETC and NREA, for the development of a 2GW onshore wind platform in Egypt.
