Home / news / UAE's Alcazar plans significant renewable energy expansion in Egypt

UAE's Alcazar plans significant renewable energy expansion in Egypt

Businessmen Team news 21 September 2025 03:41 PM
Share Article:
UAE's Alcazar plans significant renewable energy expansion in Egypt

Dr. Mahmoud Esmat, the Minister of Electricity and Renewable Energy, recently met with Daniel Calderon, founder and managing partner of the Emirati company Alcazar Energy, to discuss enhancing cooperation and expanding investments in renewable energy. The meeting was part of the state's strategy to diversify energy sources, boost renewable energy projects, and reduce reliance on fossil fuels.

Senior officials from the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority also attended. The main focus of the discussion was the 2000 MW wind power project being developed by Alcazar. Both parties reviewed the project's progress, emphasized the need to stick to the timeline, and discussed accelerating the necessary steps to connect it to the national grid.

During the meeting, Dr. Esmat reviewed the project's implementation, stressing the importance of adhering to the timeline for completion and operation. Key topics included: the operation of wind speed measurement devices, the environmental and social impact assessment, biodiversity monitoring, and finalizing the grid connection design.

Dr. Esmat highlighted that this project is crucial to Egypt's energy transition, which aims to increase the share of renewable energy in the national energy mix. The goal is to reach 42% by 2030 and 60% by 2040, in line with global advancements in renewable energy technologies.

He also emphasized the ministry's commitment to strengthening the national grid to handle increased renewable energy capacity and ensure a stable power supply. This ongoing follow-up ensures that projects stay on track and any potential obstacles are addressed quickly. Dr. Esmat praised the collaboration with Emirati companies, citing their valuable expertise and technology, which are vital for expanding clean energy initiatives.