UK’s Actis may acquire wind farm in Egypt

The UK investor in sustainable infrastructure Actis is about to acquire the Gabal El Zeit wind plant in Egypt, Ashraq Business reported on Monday.

The Sovereign Fund of Egypt (TSFE) is currently looking into the investor’s offer, while Actis is set to conduct due diligence on the wind farm complex amid an official announcement by the Egyptian Prime Minister.

It is worth mentioning that Gabal El Zeit wind project has a capacity of 580 Megawatt, the report citing unnamed sources familiar with the matter.