Financial close 2 January 2025: ACWA Power (Saudi Arabia) and HAU Energy (Hassan Allam Utilities, backed by EBRD and Meridiam) closed the largest single-contracted wind farm in Egypt, 1.1GW across two 550MW phases (138 turbines), with US$703.6m in debt, investment value >€1bn (US$1.15bn) per Meridiam. Commercial operations targeted Q2 2027. The anchor project of Egypt’s push to 42% renewables by 2040.
Value: >US$1.15bn (US$703.6m project financing) (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
