Egypt approves Maersk’s proposal to buy half Zaafarana wind farm

The Egyptian government agreed on Wednesday on the Danish Maersk proposal to acquire half of the wind power plants in the Zaafarana complex at Ras Ghareb City in the Red Sea.

The government, therefore, asked Maersk to submit a financial offer as a way to get ready for negotiations.

In early July, Actis, the UK leading global investor in sustainable infrastructure, was reportedly close to acquiring the Gabal El Zeit wind plant in Egypt.

In May the Saudi-based power plants developer ACWA POWER and the UAE’s Alcazar Energy were interested in acquiring the wind farms located in both Gabal El Zeit and Zafarana.