Another big-ticket wind project is in the works, with Alcazar Energy Partners having inked a share sale and purchase agreement with Siemens Gamesa Renewable Energy to jointly develop, construct, and operate the 500 MW NIAT wind project in Egypt, Alcazar said in a statement. Under the agreement, Alcazar will become an equity partner for the project’s final development and then assume full ownership and operational responsibilities, while Siemens Gamesa — which first began the project — will act as a strategic partner.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The NIAT wind farm is set to generate up to 2.5 TWh of electricity annually — enough to power 280k homes — and cut more than 1.2 mn tonnes of CO2 emissions per year. The project is also expected to create around 2.5k jobs during its construction and operational phases.

What they 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 turbine technology in the country,” Alcazar Managing Partner Daniel Calderon said.

Tags: