Alcazar Energy Partners (AEP), an independent infrastructure fund manager focused on utility-scale renewable energy in growth markets, is mobilizing more than $1 billion of investment for wind projects in Egypt, supporting the country’s energy security and decarbonization efforts.
AEP announced the financial close of the 500-megawatt Niat and Rasgha wind projects with a total project cost of $626 million, alongside the $420 million Gabal El Zeit privatization, which was separately signed in July and is now progressing toward a separate project finance close.
Located on Egypt’s Red Sea coast, Niat and Rasgha each have a capacity of 250 megawatts and a 25-year power-purchase agreement with the Egyptian Electricity Transmission Company. The European Bank for Reconstruction and Development, the European Investment Bank and Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of KfW Group, are providing $436 million of total project financing for the Ni
