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
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence