{"id":606326,"date":"2023-09-14T00:00:00","date_gmt":"2023-09-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/arab-chinese-companies-could-invest-usd-600-mn-in-wind-plants\/"},"modified":"2023-09-14T00:00:00","modified_gmt":"2023-09-14T00:00:00","slug":"arab-chinese-companies-could-invest-usd-600-mn-in-wind-plants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/arab-chinese-companies-could-invest-usd-600-mn-in-wind-plants\/","title":{"rendered":"Arab, Chinese companies could invest USD 600 mn in wind plants"},"content":{"rendered":"

Yet more foreign investment in our wind power? <\/strong>Three unnamed firms hailing from the Arab world and China are looking to invest USD 600 mn to build wind farms here, Al Borsa<\/a> quotes unnamed government sources as saying. The firms are expected to submit official offers within weeks, in hopes of breaking ground on the projects in 1Q 2024, the sources said. <\/p>\n

More interest in Zafarana: <\/strong>The companies are interested in acquiring part of the Zafarana wind farm, according to Al Borsa\u2019s sources. <\/p>\n

Remember: <\/strong>A further stake in Zafarana will be offered to international investors<\/a> in addition to the portion that the government has in principle agreed<\/a> to sell to multinational shipping giant Maersk. Zafarana, along with the Gabal El Zeit<\/a> wind farm, is up for a partial sale under the government\u2019s rebooted privatization program<\/a>. <\/p>\n

We have tons of private-sector led wind projects in the pipeline: <\/strong>Private players \u2014 among them an Orascom Construction-led consortium, the Masdar-Infinity-Hassan Allam consortium, Acwa Power, and Scatec \u2014 have lined up a whopping 28 GW<\/a> of fresh wind projects in Sohag governorate alone. <\/p>\n","protected":false},"excerpt":{"rendered":"

The companies are interested in acquiring a stake in Zafarana<\/p>\n","protected":false},"author":1,"featured_media":606327,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,125,151,7081],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-investment-watch","tag-renewables","tag-wind-power","wpautop","entry"],"acf":{"mongo_id":"b0f67b91-06e7-45a4-87da-ecde2a924c6b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/971.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arab, Chinese companies could invest USD 600 mn in Egypt wind plants","related_issue":[606316],"teaser":"The companies are interested in acquiring a stake in Zafarana","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.75824ea3-c39f-4e89-bd82-4a60e10c59c5.mp3"},"yoast_head":"\nArab, Chinese companies could invest USD 600 mn in wind plants - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/arab-chinese-companies-could-invest-usd-600-mn-in-wind-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arab, Chinese companies could invest USD 600 mn in wind plants\" \/>\n<meta property=\"og:description\" content=\"The companies are interested in acquiring a stake in Zafarana\" \/>\n<meta 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