Alcazar Energy’s $420mn Gabal El-Zeit Deal Signals Reform Shift

CAIRO — Egypt has taken a significant step toward implementing its evolving State Ownership Policy after signing agreements with Alcazar Energy to invest, operate and manage the 580 MW Gabal El-Zeit wind farm on the Red Sea coast under a $420 million transaction. Gabal El-Zeit is among Egypt’s largest wind-energy projects and forms part of […] The post Alcazar Energy’s $420mn Gabal El-Zeit Deal Signals Reform Shift appeared first on The Middle East Observer.