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NREA, TSFE to offer 2nd half of Zafarana wind farm for sale in H2 2024

The New and Renewable Energy Authority (NREA) and The Sovereign Fund of Egypt (TSFE) are planning to offer the second half of the wind power plants in the Zaafarana complex in the Red Sea for sale to investors within the second half (H2) of 2024.

Updated 4/16/2024 8:05:00 AM
Maersk starts due diligence for acquiring half of Egypt’s Zafarana wind farm

The Danish shipping and logistics firm Maersk has embarked on the due diligence process on acquiring half of half of the wind power farms in the Zaafarana complex at Ras Ghareb City in the Red Sea.

Updated 2/29/2024 8:09:00 AM
Belgium’s Tractebel awarded consultancy contract for Zaafarana-Gabal Zeit wind project

The Sovereign Fund of Egypt (TSFE) has assigned the consultancy works at Zaafarana and Gabal Zeit wind farms to the Belgian engineering firm Tractebel.

Updated 12/5/2023 8:29:00 AM
Maersk seals preliminary deal to acquire 51% stake in Egypt’s Zafarana wind farm

The Danish shipping and logistics firm Maersk has signed a preliminary agreement with the Egyptian government to purchase a 51% stake in a wind power farm in the Zafarana complex at Ras Ghareb City in the Red Sea.

Updated 10/10/2023 9:06:00 AM