Name of the Project

NIAT and Rasgha wind farms.

Location

West bank of the Gulf of Suez, near Ras Ghareb, in Egypt’s Red Sea governorate, on a 73 km² land area allocated by Egypt’s New and Renewable Energy Authority.

Project Owner/s

Special-purpose vehicles NIAT for Wind Energy and Alcazar Rasgha for Wind. The promoter/financial intermediary is Alcazar Energy Partners.

Project Description

The project entails the design, construction and operation of two 250 MW onshore wind farms – NIAT and Rasgha – with a combined installed capacity of 500 MW. The project will comprise 100 wind turbines, each with a capacity of 5 MW. The turbines will have a hub height of 90 m and a rotor diameter of 145 m. Supporting infrastructure will include underground medium-voltage cables connecting the turbines to on-site substations; two substations to convert the output from the turbines for connection to the national grid; control-room and administration buildings; and an internal road network to provide access to the project components. The project further includes the design, construction, operation and maintenance of two 220 kV overhead transmission lines connecting to the Infinity and West Bakr S4 substations. The final routing and technical specifications for the transmission lines are still to be confirmed. Once fully operational, the project is expected to generate up to 2.5 TWh of clean electricity a year.

Potential Job Creation

The project is expected to employ more than 1 000 workers during construction and create about 50 direct and indirect jobs during operations.

Capital Expenditure

$572-million, according to the European Investment Bank’s project summary.

Planned Start/End Date

Construction is expected to start in the third quarter of 2026 and take about 26 to 27 months, including commissioning. Operations are expected to start in the fourth quarter of 2028.

Latest Developments

The US International Development Finance Corporation disclosed the environmental and social-impact assessment documentation for the Alcazar Energy Partners II NIAT and Rasgha project in June 2026, with the public comment period running from June 4 to August 3, 2026. The project is expected to use 100 Siemens Gamesa 5 MW turbines.

Key Contracts, Suppliers and Consultants

Siemens Gamesa Renewable Energy (turbine technology and related services). The Egyptian Electricity Transmission Company is the power offtaker under a 25-year power purchase agreement and will be responsible for the grid connection works from the onsite substation point of common coupling to the national grid. The New and Renewable Energy Authority has allocated the project land within the Gulf of Suez wind development area. ECO Consult prepared the May 2026 nontechnical summary for the project’s environmental and social impact assessment documentation. The European Investment Bank and European Bank for Reconstruction and Development are among the development finance institutions considering financing for the project.

Contact Details for Project Information

Alcazar Energy media contact, H/Advisors Dubai, tel +971 52 995 2992/+971 4 455
email AlcazarEnergy@h-advisors.global.