EBRD Mulls $200M Financing for Alcazar Energy’s New Wind Projects in Egypt
The European Bank for Reconstruction and Development (EBRD) is considering a $200 million senior loan package to support the development of two major onshore wind power projects in Ras Ghareb, Egypt.
The proposed financing is earmarked for the “NIAT” and “Rasgha” wind farms, with each project slated to receive up to $100 million in funding.
Developed by the UAE-based renewable energy firm Alcazar Energy Partners, these projects are designed with a combined generation capacity of 500 megawatts (250 MW per facility).
Construction is anticipated to commence by mid-2026. Under the terms of the project, all electricity generated will be sold to the Egyptian Electricity Transmission Company (EETC) through 25-year power purchase agreements.
Once operational, the wind farms are expected to supply clean electricity to approximately 280,000 homes.
This initiative marks a significant step in Egypt’s broader strategy to expand its renewable energy portfolio, reduce dependence on conventional fuels, and advance its national energy transition goals.
