Alcazar Energy, EETC and NREA Sign MoU to Develop 2GW Onshore Wind Project in Egypt


By: Oilfield Africa Review
Published: Sunday November 17, 2024

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, engaging up to 12,500 construction workers and 1,170 full time workers during operation. Once built, the project will prevent the release of up to 4.7 million tons of CO2 emissions annually.

“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,”Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners, said.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

Gas & Power
Equinor Strengthens UK Energy Security with New Gas Sales Deal
Thursday June 5, 2025
Nigeria
NLNG Train 7 $5 Billion Project Hits 80% Completion
Thursday June 5, 2025
Block Licences
NUPRC Refutes Violations of Guidelines in the 2024 Oil Block Licensing Round
Thursday June 5, 2025
Equitorial Guinea
GEPetro, SBM Offshore Sign SPA for Divestment of the FPSO Aseng
Thursday June 5, 2025
Company News
Oando Profit-After-Tax up 267% to N220 billion in FY2024 Audited Results
Thursday June 5, 2025
Conferences & Exhibitions
Levene Energy to Spotlight Nigeria’s Energy Diversification Prospects at AEW 2025
Thursday June 5, 2025
Carbon Capture
Chevron’s Methane Satellite-Monitoring Campaign and Power of Collaboration
Thursday June 5, 2025
Gas & Power
First cruise ship refuels with LNG in Vancouver
Tuesday June 3, 2025
Nigeria
Exec Sec NCDMB, Ogbe Appointed Member of APPO Board
Monday June 2, 2025