Deal #10781
Egypt, Arab Rep.
Created at
2024-10-10
Last update
2024-11-26
Land area
Intended size
10 000 ha
Intention of investment
Intention of investment
- [current] Wind farm
Carbon offset project
Carbon offset project
No
Nature of the deal
Nature of the deal
Lease
Comment on nature of the deal
The ownership contract for the Gabal El Zeit wind farm is expected to be finalized by October 2024, following negotiations between the Egyptian government and private equity firm Actis.The Gabal El-Zeit wind farm agreement involves Actis acquiring the asset with a 25-year land usage arrangement.
Negotiation status
Negotiation status
- [2023-07, current] Intended (Expression of interest)
Comment on negotiation status
Actis, a private equity firm, expressed interest in acquiring the farm in July 2023.
Implementation status
Implementation status
- [2015, current] Startup phase (no production)
Comment on implementation status
Construction began in 2015, built by Spanish company Gamesa (now Siemens Gamesa).