CTG operates the Three Gorges dam on China's Yangtze River
China’s CTG buys renewables assets in Europe and Middle East
State-owned China Three Gorges accelerates overseas buying spree in wake of $3.6bn IPO
Chinese stated-owned energy giant China Three Gorges (CTG) has increased its renewable energy presence in Europe and the Middle East with two acquisitions in the last week. A consortium led by state-owned China Three Gorges South Asia Investment has acquired Dubai-based wind and solar developer Alcazar Energy Partners, which operates 411MW of wind and solar capacity in Egypt and Jordan, for an undisclosed sum. In Europe, CTG has acquired 450MW of wind and solar capacity spread over two portfolios in in the Castilla-Leon region of Spain from Spanish family-owned Corporacion Masaveu and Belgian investor Korys for €500mn ($586mn). 861MW – CTG acquired renewables capacity in latest two dea
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
