EBRD mulls loans for 500 MW of wind farms in Egypt

The European Bank for Reconstruction and Development (EBRD) is considering providing up to USD 200 million (EUR 171.9m) in senior loans to finance the construction and development of 500 MW of onshore wind parks in Egypt led by renewable energy investor Alcazar Energy Partners (AEP).

The European lender will potentially provide up to USD 100 million to each of two special-purpose vehicles owned by AEP. The entities stand behind the NIAT and Rasgha projects in Ras Ghareb, each targeting a capacity of 250 MW.

The output of the wind sites will be sold to the Egyptian Electricity Transmission Company (EETC), as the off-taker, under a 25-year power purchase agreement (PPA).

Alcazar has been active in Egypt’s renewable energy market since 2014. In November 2025, the Luxembourg-based investor agreed to acquire a 500-MW wind project in Egypt, which was originated by Siemens Gamesa Renewable Energy.