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).