Maersk is one step closer to acquiring half of the 545-MW Zafarana wind farm after signing a framework agreement with the government, Al Borsa quotes anonymous sources as saying. The Madbouly government and the Danish shipping giant are in the final stages of agreeing the value of the 51% stake, with the transaction potentially closing by the end of this year, the sources said. A government official confirmed to us in July that the company had submitted a bid for the plant.

Remember: Gabal El Zeit and the state-owned 545-MW Zafarana wind farm that UK private equity giant Actis is chasing are both included in the list of 35 companies and assets earmarked for privatization. The facilities have attracted significant interest among investors, including Saudi Arabia’s ACWA Power, the UAE’s Alcazar Energy, and our friends at local renewables firm Infinity.

Maersk is going green: Maersk is looking to acquire half of the asset to use to produce green methanol in Egypt. The company last week signed a framework agreement with the government for a green fuel project in the Suez Canal Economic Zone, with the first phase requiring USD 3 bn in investment.

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