The outbreak of Covid-19 pandemic, the Russian invasion into Ukraine, and the subsequent energy crisis, that skyrocketed fossil fuel prices has come up to add upon environmental challenges regarding human footprint on our planet and raising pleas to accelerate energy transition towards a more sustainable future growth model. Investments in adding power generation capacity from renewable sources, in expanding and modernizing transmission and distribution networks, and in promoting energy efficiency emerge as the only credible answer to these concerns. Developing countries face additional challenges in financing such capital-intensive projects due to less mature (financial) institutions and markets. Furthermore, and in particular regarding MENA region countries, energy demand is expected to continue to grow due to specific social and economic reasons. PPPs are proposed to constitute a valuable and credible instrument for energy projects financing. They are characterized by long-term duration, the involvement of the private partner in the entire life cycle of the project, and risk allocation between public and private actors. The cases of the two most successful MENA countries – in terms of PPP investments - are an indicative example on how a set of specific policy, economic and regulatory factors directly correlate to attracting private funds into investing to the transition to a more secure, modern and environmentally-friendly energy paradigm, in which private and public actors harmoniously cooperate and actively support realization of green energy projects.