China Three Gorges South Asia Investment (CSAIL), in consortium with other Chinese investors, has acquired Dubai-based renewable energy company Alcazar Energy Partners. The deal is intended to help CSAIL expand its footprint in renewable energy markets across the Middle East and North Africa (MENA) region. Alcazar Energy Partners has a portfolio of five solar and two wind projects located in Egypt and Jordan. The projects have a combined capacity of 411MW. The company developed its portfolio over the course of six years.
Plants have helped develop the renewable energy industry in Jordan and Egypt, powering 275,000 households and saving more than 15.6 million tonnes of CO₂ whilst also making a strong contribution to economic growth and employment, particularly within the local communities. CSAIL will continue to serve customers in Jordan and Egypt according to the highest industry standards and accelerate the company’s growth journey in the region. CSAIL was created in 2011 by China Three Gorges Corporation (CTG) and China Three Gorges International Corporation (CTGI).