Egypt’s wind farms may be getting some attention: Saudi Arabia’s Acwa Power, the UAE’s Alcazar Energy and renewables firm Infinity are reportedly among seven companies looking to bid for a stake in two of Egypt’s largest wind farms, Asharq Business reports, citing two anonymous sources it says are close to the matter. It is unclear who the other four bidders might be, and the size and value of the stake up for grabs was not revealed. A representative at Infinity declined to comment when Enterprise Climate reached out yesterday.

The details: The 580 MW Gabal El Zeit and 545 MW Zafarana wind farms are wholly owned by Egypt’s New and Renewable Energy Authority (NREA). The acquisitions are expected to be completed before the end of 2023, Asharq cites one of its sources as saying. The Egyptian cabinet has formed a committee to negotiate with potential investors and review offers for Gabal El Zeit, noting that it’s already received some offers for the wind farm, and is reviewing the expected timeline for the Zafarana wind farm, it said earlier this week.

Acwa Power, Alcazar, and Infinity already have vested interests in Egypt: All three companies signed multiple MoUs and agreements in the sector in the past year. Acwa signed an MoU in November last year with the NREA and Egyptian Electricity Transmission Company to build a 10 GW wind farm in Egypt and signed a 25-year power purchase agreement alongside Hassan Allam last June to develop a 1.1 GW wind farm in the Gulf of Suez. Infinity Power — a joint venture between Infinity and Masdar — is set to build a 10 GW onshore wind farm in Egypt, alongside Hassan Allam Utilities and Masdar. Alcazar signed an early agreement to build green fuel facilities in the Ain Sokhna Industrial Zone in August last year. The company also recently signed a partnership agreement with Egypt-based Madkour Group to work together on renewable energy projects in Egypt and Africa.

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