Deal #10781

The Gabal Al-Zait Wind Farm is a cornerstone of Egypt's renewable energy portfolio, supported by significant European funding. Its inclusion in the 2023 privatization plan signals a shift towards attracting private sector investments,The ownership contract for the Gabal El Zeit wind farm in Egypt is set to be finalized by the end of October 2024. This is part of ongoing negotiations between the Egyptian government and Actis, a UK-based private equity firm. The discussions are focused on securing a higher sale price for the wind farm, which has a capacity of 580 MW, as part of Egypt's broader privatization efforts involving 32 state-owned businesses.As of November 2024, the acquisition of the Gabal El Zeit wind farm by Actis has not been finalized. The transaction is still in progress.