Alcazar Energy Partners (AEP) has signed a share sale and purchase agreement 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.
After 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 expected to provide turbine technology and related services under the partnership framework.
This announcement builds on AEP’s existing commitment to developing high-quality, 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 of reaching 42 percent renewable electricity generation mix by 2030.
Once fully operational, the p
