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Alcazar Energy closes financing for two Red Sea wind farms

Balance-of-plant contractor

Alcazar Energy Partners closed $436 million in debt on Nov. 9 for two wind farms on Egypt's Red Sea coast, moving the $626 million Niat and Rasgha projects into construction. The farms will have 500 megawatts of capacity and 100 Siemens Gamesa turbines, with commercial operation targeted for the end of 2028.

Updated 2 hours ago